Ernest operates an ice cream stand during the months of May, June, July, and August. Ernest's ice cream machine is broken and needs a new part to run. He contracts to have the part shipped to him by special carrier. Ernest emphasizes that the part needs to be delivered by April 25 and the carrier agrees, knowing that Ernest intends to open his stand May 1. If the shipper fails to deliver the part
on April 25, Ernest will be able to recover consequential damages caused by the delay.
Indicate whether the statement is true or false
True
You might also like to view...
Which of the following are features of both Pinterest and Twitter?
A. tweets B. hashtags C. pins D. Image Hover widget
In the close of a message that is refusing a request, which of the following would be most positive and promote goodwill?
A) Proposing a solution B) Creating options for future business C) Focusing on benefits D) Focusing on a meaningful apology E) Proposing an alternative
You own a business that has assets of $279,000. If your equity is $87,000, what is the amount of your liabilities?
A) $279,000 B) $87,000 C) $192,000 D) $98,000
The bottom-up approach to computing the operating cash flow applies only when:
A) both the depreciation expense and the interest expense are equal to zero. B) the interest expense is equal to zero. C) the project is a cost-cutting project. D) no fixed assets are required for the project. E) taxes are ignored and the interest expense is equal to zero.