A contract contains the provision, "Walter Hamilton promises to pay Faye Weeks $1,600 for a 2012 V-6 motor provided that Phelps' Garage approves the quality of the motor." This provision:
A) makes the contract unenforceable since Walter's promise is illusory.
B) creates an express condition which must be met before Walter's duty to pay arises.
C) cannot create an express condition because it lacks the necessary words "on condition that."
D) is not valid since it makes Walter's duty to pay dependent upon the opinion of a third party.
B
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A building with an appraisal value of $250,000 is made available at an offer price of $180,000 . The purchaser acquires the property for $35,000 in cash, a 90-day note payable for $65,000, and a mortgage amounting to $63,000 . The cost basis recorded in the buyer's accounting records to recognize this purchase is
a. $250,000 b. $180,000 c. $163,000 d. $100,000
________ means that the retailer should know what to do to satisfy needs for the consumers in the segment.
A. Profitable B. Actionable C. Identifiable D. Reachable E. Substantial
____ allows a company to accomplish a technology swap
a. Data mining b. Strategic alliance c. Diversity d. BPR
Which step below is not one of the keys to the organizational design process?
a. Gathering data b. Renew the design c. Setting the scene d. Implementing the design