In a unilateral contract, one party makes a promise that the other party can accept only by actually doing something
a. True
b. False
Indicate whether the statement is true or false
True
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The parol evidence rule refers to the:
A. use of the equitable doctrine of promissory estoppel to prevent parties from seeking compensation under the statute of frauds. B. rule that perjury in criminal sentences is a non-bailable offense. C. oral evidence given by the defendant during a hearing. D. idea that when the parties have expressed their agreement in a complete, unambiguous writing, the writing is the best evidence of their intent.
According to the _____, ethics is based on being a good person, that is, on incorporating ideal character traits into your life
a. egoism principle c. principle of duties b. utility principle d. principle of virtues
To meet the requirements of the FTC, the franchisee must make a minimum payment of at least $540 during the first six months of operations
Indicate whether the statement is true or false
Gunther Co. established a subsidiary in Mexico on January 1, 2018. The subsidiary engaged in the following transactions during 2018: Jan. 1Sold common stock to Gunther for 5,000,000 pesos. Purchased inventory throughout the year, 8,000,000 pesos (¼ of the inventory remained at year end). Sales for the year totaled 12,000,000 pesos.Dec.31Purchased equipment for 1,000,000 pesos.??Gunther concluded that the subsidiary's functional currency was the dollar. Exchange rates for 2018 were:? Jan. 11peso=$0.20 311peso=$0.19Dec.311peso=$0.16Weighted average rate for the year1peso=$0.18??What amount of foreign exchange gain or loss would have been recognized in Gunther's consolidated income statement for 2018?
A. $440,000 loss. B. $760,000 gain. C. $280,000 loss. D. $800,000 gain. E. $320,000 loss.