Frank's Furniture Company promised in a written agreement to purchase as much walnut wood "as it desires" from Forestry Products, Inc. If Frank's purchased walnut wood from another source and Forestry Products sued, what is the likely result?
What will be an ideal response?
Frank's is not obligated to purchase anything from Forest Products under this contract. Therefore, the contract is illusory and fails for lack of consideration. Forestry Products could not win a suit to enforce an agreement.
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If a manager knows one of her subordinates has low self-esteem and wishes to enhance it, she should
A. provide frequent reminders about improving weaknesses. B. avoid delegating work to this subordinate. C. redesign the work so that it is routine and structured. D. avoid giving feedback. E. express confidence in the employee's abilities to complete given tasks.
Which is the proper order to show the manufacturers' inventories on a balance sheet?
a. Materials, Work in Process, Finished Goods b. Work in Process, Materials, Finished Goods c. Finished Goods, Materials, Work in Process d. Finished Goods, Work in Process, Materials e. Accounts Receivable, Finished Goods, Materials
A corporation is a legal entity created by federal law
Indicate whether the statement is true or false
Under the CISG, if the buyer fails to perform contractual obligations, the seller may require the buyer to:
a. pay the price. b. take delivery. c. perform the contractual obligations. d. All of these.