Nerdo Computers had an insurance policy on its premises, for which it paid a premium of $525 per year. It found a new broker who offered a much lower rate, so it wrote to its current broker to cancel its existing policy
The broker replied that there would be a $100 cancellation fee. Which of the following facts or arguments would help Nerdo avoid having to pay the fee?
A) If the fee is not mentioned in the contract
B) If the fee can be characterized as a penalty
C) If the fee is not a genuine pre-estimate of damages.
D) Both B and C
E) All of the above
E
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U-Haul sued a competitor, Jartran, for making false claims about the two companies in its ads. The lawsuit, which was successful, was brought under the:
a. FTC Act b. Magnuson-Moss Act c. Lanham Act d. False Advertising Act e. Advertising Substantiation Act
Cheryl Bryant completed designing 22 custom cakes on her 18-cake contract as an employee of Frontier Wedding Planners. There is a bonus earned if the individual exceeds 145 percent of her piece contract. How many cakes must Cheryl complete in the remainder of the week to receive the bonus?
What will be an ideal response?
Jessica owned 200 shares of OK Corporation with a basis of $12,000 and a FMV of $24,000. Jessica received 20 stock rights as a nontaxable distribution with a total FMV of $8,000. Jessica sold the stock rights for $4,000. Jessica's gain or loss on the sale was
A. $4,000. B. $3,000. C. ($4,000). D. $1,000.
Solving organizational problems and meeting assigned challenges are part of the ________ stage of team development.
A. norming B. adjourning C. storming D. performing