M & E contracted to sell 500 music stands to Coda, Inc. M & E shipped the stands in accordance with the agreement. Coda paid for the stands as promised. The contract between M & E and Coda is discharged by
A. full performance.
B. agreement.
C. rescission.
D. accord and satisfaction.
Answer: A
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The most common form of shared ownership used by marriage partners is
A) tenancy in common. B) joint venture. C) joint tenancy. D) fee simple.
Orson files a suit against Portia. Before going to trial, the parties meet, with their attorneys to represent them, to present their dispute to a third party who is not a judge but who imposes a resolution on the par¬ties. This is
a. arbitration. b. mediation. c. negotiation. d. not a legitimate form of dispute resolution.
Information related to the Berkley Company for the calendar year 2015 follows: Liabilities, December 31, 2015$400 Assets, December 31, 2015700 Dividends distributed during 201590 Liabilities, December 31, 2014250 Assets, December 31, 2014350 ? Assuming no capital stock was issued during 2015, the net income earned by the Berkley Company during 2015 was
A. $110 B. $200 C. $260 D. $290
Jamal was recently hired as a sales representative for a pharmaceutical company. He notices that all the other sales reps "pad" their expense accounts by claiming meals with clients that never took place and then pocket the extra money. Jamal figures that since everyone else is cheating on their expense accounts, he might as well do the same. What ethics trap is Jamal falling into?
A) following orders B) competition C) conformity D) lost in a crowd