Max, a minor subject to his parents' care and control, signs a contract to rent an apartment from Noel for one year. Before the end of the term, Max moves out. Noel sues for the rent for the rest of the term. Max can
A. avoid liability for the rent but not disaffirm the contract.
B. disaffirm the contract and avoid liability for the rent.
C. disaffirm the contract but not avoid liability for the rent.
D. not disaffirm the contract nor avoid liability for the rent.
Answer: B
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Threats, punishment, intimidation, and unilateral action are consistent with a ________ strategy for conflict management.
What will be an ideal response?
Answer the following statements true (T) or false (F)
1) When a manufacturing company uses a standard cost system, Work-in-Process Inventory is debited at standard input quantities and standard costs. 2. When a manufacturing company uses a standard cost system, an unfavorable variance is a contra expense 3. The standard cost income statement doesn't alter the actual operating income—it simply emphasizes the variances from standard. 4. On a standard cost income statement, the variances with debit balances are shown in parentheses because they are contra expenses and therefore decrease the expense Cost of Goods Sold. n a Standard Cost System? (H1)
The motivating force for suppliers to work with large chain stores is that the stores can offer huge ________ power in the form of writing big orders.
A. coercive B. reward C. expert D. referent E. legitimate
William recently sold his successful business to Janice. The contract for the sale contained an unreasonable restriction that did not allow William to open a similar business for fifteen years. In this instance, the courts would likely:
A) reform the contract to make it reasonable and enforceable. B) require the parties to draft a new contract. C) enforce the contract as it is written. D) void the contract on grounds of unconscionability.