A contract that does not satisfy the writing requirement of the Article 2 statute of frauds, but which is otherwise valid, is enforceable in which of the following situations?
a. Where the goods have been delivered and accepted.
b. Where payment has been accepted.
c. Where the goods have been specially manufactured and are not suitable for resale in the ordinary course of business.
d. All of these are situations where the contract would be enforceable.
d
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What is the cooperative principle? Explain the four maxims (or principles) that guide the cooperative principle.
What will be an ideal response?
Foreign reserves are used to
A. support foreign operations that are branches but not subsidiaries. B. provide military support to foreign operations, e.g., the French Foreign Legion, UN peacekeepers. C. cover foreign debt, import purchases, and other demands for foreign currency that banks might encounter. D. help foreigners who need additional funds.
A project manager ascertained that five different resources are needed to complete a project that has been estimated to last 37 days
Just to be on the safe side, the project manager told the client that the project would definitely be delivered in 40 days and 40 nights and arranged to rent the resources for that period of time. The project manager goes to the local rental center at the start of day 1 of the project, signs a 40-day lease agreement for all five resources, and brings them to the site to begin the project. Analyze the Gantt chart and resource list (activity durations are in parenthesis) and determine how much money is being wasted with this rental plan. If each resource could be rented for just the time it takes to complete each activity, what would the charge to the project be? Resource Number Daily Rate 1 $1,000 2 $1,200 3 $500 4 $750 5 $800 Activity Length Activity Length H 3 S 3 M 9 J 1 P 6 W 4 B 7 T 4 R 9 G 4 F 5 K 10
Ford Motor Company had realized returns of 20%, 30%, 30%, and 20% over four quarters. What is the quarterly standard deviation of returns for Ford calculated from this sample?
A) 5.77% B) 5.20% C) 6.06% D) 4.62%