A letter of credit is issued by the buyer's bank
Indicate whether the statement is true or false
True
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Which of the following is true of the right to disaffirm?
A. If there was no reason to know of the other party's lack of capacity, the contract can be disaffirmed without placing him or her in status quo. B. People lacking mental capacity cannot disaffirm their contracts. C. If the plaintiff knew or should have known of the other party's incapacity, the person lacking such capacity is not allowed to disaffirm without restoring the status quo. D. On disaffirmance, people lacking mental capacity must return any consideration that they had received.
A(n) ________ is an increase in the value of personal property because it is added to or improved by natural or manufactured means
A) arraignment B) accession C) lien D) bailment
Peach Company uses a weighted-average process-costing system. Company records disclosed that the firm completed 40,000 units during the month and had 10,000 units in process at month-end, 20% complete. Conversion costs associated with the beginning work-in-process inventory amounted to $231,000, and amounts that relate to the current month totaled $966,000. If conversion is incurred uniformly throughout manufacturing, Peach's equivalent-unit cost is:
A. $28.50. B. $23.00. C. $23.94. D. $24.15. E. None of the answers is correct.
Courts do not recognize cohabitant property rights when one of the cohabitants is still married to another party
Indicate whether the statement is true or false