Which of the following would be considered a valid contract?
a. Two drug dealers come to an agreement over a certain amount of heroin for $50,000.
b. You have told your best friend that if she pays you $10 that you will help her study for her exam and she agrees.
c. Your professor agrees to meet with you concerning your grade in the course.
d. Your aunt agrees to give you $1.million because you are such a great person.
e. You offer to sell your textbook to your friend for $50.
b. You have told your best friend that if she pays you $10 that you will help her study for her exam and she agrees.
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Best practices for the question-and-answer session after a presentation include
A) counting on being able to set ground rules for the session. B) anticipating likely questions and thinking through your answers. C) assuming that you'll be able to handle questions without some preparation. D) realizing that the question-and-answer session is relatively unimportant. E) pretending that you know the answer to a question, even when you don't.
Jimmy sells an old station wagon to Mary and tells her that it is in excellent condition. He did not bother to verify the statement of the previous owner that the car was making strange noises. Under these circumstances, Mary could best contest the agreement on the grounds of ________.
A. duress B. fraud C. mutual mistake D. unintentional tort
Linda Evans has been given the task of developing the product element of her company's marketing mix. List the components that will likely be included in this element of the marketing mix
What will be an ideal response?
A company's inventory records report the following: August 1Beginning balance22 units @ $12August 5Purchase17 units @ $11August 12Purchase21 units @ $12 On August 15, it sold 44 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?
A. $528 B. $624 C. $212 D. $960 E. $192