Which of the following events would have the best chance of excusing performance of a contract based on commercial impracticability?
a. The price of a raw material increases slightly so that the contract will not be as profitable.
b. An unforeseeable trade embargo causes prices to triple.
c. The promisor of personal services dies.
d. The subject matter of the contract is destroyed.
b
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When a customer pays a seller a significant period of time after the goods are delivered, the consideration received by the seller always includes both transaction revenue and interest income
Indicate whether the statement is true or false
Those points of contact between the buyer and seller that are most critical to the relationship are called:
A) impact moments. B) moments of truth. C) judgment moments. D) moments of impression.
Define the following terms:
When the estimates involved in earnings management begin moving outside a reasonable range, the financial statements can become misleading
Indicate whether the statement is true or false