On March 1, 2016, Vantage Services issued a 8% long-term notes payable for $22,000
It is payable over a 16-year term in $1,375 principal installments on March 1 of each year, beginning March 1, 2017. Each yearly installment will include both principal repayment of $1,375 and interest payment for the preceding one-year period. The journal entry to pay the first installment will include a debit to Interest Expense for $1,760.
Indicate whether the statement is true or false
TRUE
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If an oral contract that should have been in writing under the Statute of Frauds is already executed, neither party can seek to rescind the contract on the grounds of noncompliance with the Statute of Frauds
Indicate whether the statement is true or false
Violations of antitrust law are either per se violations or rule of reason violations. What are the differences between these two types of violations?
Select the correct Answer: A) Rosie rents a locker at the airport, and she puts a bag in the locker. Rosie keeps the locker key. In this case, the bag has been delivered to and accepted by the airport. The airport is a bailee
B) Hill rents a boat to Dan. The boat is located at a lake 30 miles away. Hill gives Dan keys to the boat. Dan drives to the lake and takes possession of the boat. In this case, the boat has been delivered to and accepted by Dan, and Dan is a bailee. C) Unknown to Lon, Jeff left a bike at Lon's house. Lon has not found the bike and he is not likely to find it because Jeff left the bike under the front porch. In this case, Lon is a bailee of the bike. D) Ken parked a car in a self-service lot and Ken kept the keys. The parking lot is a bailee.
A channel leader is also called a(n):
A. intermediary leader B. channel captain C. channel facilitator D. distribution supervisor E. channel gatekeeper