Which of the following is usually not a requirement for a contract to be valid?
a. offer and acceptance
b. equal value in exchange c. contractual capacity
d. purpose of contract must be legal
e. all of the other choices are required
b
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Which of the following is NOT a way of calculating the amount of depreciation for each period?
a. straight-line method b. declining-balance method c. sum-of-the-years'-digit method d. weighted-average method
The filing fees for all types of bankruptcy is the same
Indicate whether the statement is true or false
Which of the following is not one of the inflection points described by Scharmer?
a. Uploading b. Saying c. Sensing d. Presence
In State X, persons must be at least eighteen years old before they can purchase alcoholic beverages. The state also has passed a law requiring that persons who prepare and serve liquor in the form of drinks in commercial establishments be licensed. The only requirement for obtaining a yearly license is that the person be at least eighteen years old. Moffitt, aged thirty-five, is hired as a bartender for the Lone Star Restaurant. Bekins, a staunch alumnus of a nearby university, brings twenty of his friends to the restaurant to celebrate a football victory. Bekins has ordered four rounds of drinks, and the bar bill exceeds $200. Bekins learns that Moffitt has failed to renew his bartender's license, and Bekins refuses to pay, claiming the contract is unenforceable. Is Bekins correct?
What will be an ideal response?