Which of the following statements is FALSE with respect to contracts?
A) The parties to a valid contract must have the legal capacity to contract
B) Each party to the contract must offer consideration
C) The purpose of the contract must not be for an illegal object
D) Each party to the contract must have a serious intention to create a contract
E) All of the above
E
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Leaders in effective hospitality organizations use ______ to recognize and reward the behaviors the culture values.
a. variable compensation b. Validation c. Rituals d. Prizes
The transfer of rights under a contract to a third party is called:
A) A resolution. B) An assignment. C) An adjudication. D) A delegation to an obligee.
In ________, a classification method, the complete data set is randomly split into mutually exclusive subsets of approximately equal size and tested multiple times on each left-out subset, using the others as a training set
Fill in the blanks with correct word
Gupta Company made the following sales of capital assets this year. Tax BasisSale PriceAsset 1$60,000 $47,800 Asset 2 112,500 116,000 Asset 3 13,000 22,400 What is the effect of the three sales on Gupta's taxable income?
A. $12,900 increase B. No effect C. $700 increase D. None of the choices are correct