The BOP must be in balance, but the current account need not be
Indicate whether the statement is true or false.
Answer: FALSE
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________ refer to members of the buying organization who help define specifications and provide information for evaluating alternatives
A) Gatekeepers B) Influencers C) Users D) Deciders E) Buyers
In January, Alex promised to pay Y-K Inc $5,000 if it would refrain from filing suit against him on a breach of contract action. Y-K agreed and accepted a $5,000 check from Alex. Which of the following statements is correct?
a. Y-K's promise to refrain from suing Alex was not supported by legal consideration. b. Y-K's promise to refrain from suing Alex was supported by legal consideration and is enforceable. c. This is an accord and satisfaction, and Y-K cannot sue. d. The courts would apply promissory estoppel in this situation.
Carey decided to incorporate her business under the name yStar Inc Before yStar was incorporated, Carey signed a contract in the name of yStar, Inc to have some office space remodeled. Which statement is correct?
a. yStar is liable on the contract because the contract was signed in its name. b. yStar becomes liable on the contract as soon as it is incorporated. c. yStar is liable on the contract if the contractor knows that the corporation does not yet exist. d. yStar will be liable on the contract only if the corporation adopts the contract.
Garland induces Jules to enter into a contract for the purchase of a Chef's Burger House restaurant. Garland knowingly misrepresents a number of material features about the restaurant and the business. When Jules discovers the truth, he can A) not rescind the contract because Jules assumed the risk that the bargain would prove to be different from what he thought
B) rescind the contract on the basis of fraud. C) rescind the contract on the basis of mistake. D) rescind the contract on the basis of undue influence.