A sequence of previous conduct between a buyer and a seller, which may be regarded as establishing an understanding for interpreting an agreement between the two parties, is known as:
A) good faith.
B) a course of dealing.
C) a course of performance.
D) usage of trade.
B
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Yang, the HR manager at a start-up company, helped the founder plan a benefits package that includes paid vacations, holidays, and sick leave. Now an employee approaches Yang to say she has been called up for jury duty and needs to be away next week. What should Yang do?
A. He should direct the employee to use the Family and Medical Leave Act. B. He should establish, and then apply, policies for other situations requiring time off. C. He should forbid the employee from taking time off for jury duty. D. He should ask the employee to use her vacation time for jury duty. E. He should ask the employee to use her sick leave for jury duty.
Tariffs may be set to
A. encourage local input. B. decrease consumer costs, lower price, and increase market share. C. decrease the import costs. D. stimulate imports.
Barnes Company issued $500,000 of bonds for $498,351. Interest is paid semiannually. The bond markets and the financial press are likely to report the bond issue price as:
A) 498.35. B) 100.00. C) 99.67. D) 49.84.
Mutual Company enters into a contract to employ Neil as an investment manager for two years. During the first year, Neil is often absent without explanation and when present fails to adequately monitor and manage Mutual's investments.? ?Refer to Fact Pattern 16-1. With respect to Mutual's duties, Neil's performance most likely A) ?discharges Mutual from the contract
B) ?has no effect on Mutual's performance. C) ?increasesMutual's duties under the contract. D) ?suspends Mutual's duty to perform.