Section 1 of the Sherman Act does not prohibit concerted action
a. True
b. False
Indicate whether the statement is true or false
False
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Free cash flow is flow cash from operations less cash used for
a. investments in PP&E needed to maintain current production b. dividends and cash to redeem bonds payable c. investments in PP&E needed to achieve desired future production d. fixed assets needed to maintain productivity and cash to redeem bonds payable
Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to ending inventory using LIFO. DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory240 units @ $19 5Purchase265 units @ $21 10Sales 185 units @ $2915Purchase145 units @ $22 24Sales 135 units @ $30
A. $9300 B. $4350 C. $7900 D. $4843 E. $6450
Francis Jeffers purchased a cashier's check in the amount of $5,000 from Northern Star Bank. The check was made payable to Kyle Naughton and was delivered to him
Twelve months later, the Northern Star Bank branch manager informed Jeffers that the cashier's check was still outstanding. Jeffers subsequently signed a form requesting that payment be stopped and a replacement check be issued. Northern Star Bank issued a replacement check to Jeffers. Eight months later, Naughton deposited the original cashier's check in his bank, which was paid by Northern Star Bank. Northern Star Bank requested that Jeffers repay the bank $5,000. When he refused, Northern Star Bank sued Jeffers to recover this amount and the court awarded Northern Star Bank damages amounting to $5,500. In which of the following circumstances, if true, would the court have ruled in Jeffers' favor? A) Jeffers cashed the replacement check before Naughton had presented the original check at his bank. B) Jeffers paid Naughton the $5,000 in cash after obtaining the replacement check from Northern Star Bank. C) Jeffers indemnified Northern Star Bank for potential damages arising from the issue of the replacement check. D) Jeffers renewed the stop-payment order on the original check at the end of six months.
Which of the following will be used in determining the enforceability of a liquidated damages clause in a contract?
A) The naming of the clause a "liquidated damages clause". B) A statement by the parties that if the contract is breached a set amount of money will be paid by the party in breach to the innocent party. C) An acknowledgement in the clause that the damages set out are a realistic estimate of loss. D) At the time of making the contract the dollar amount is a genuine pre-estimate of the damages that would result from a breach. E) A statement in the clause that the damages payable are not a penalty.