Jamison orally contracts to sell her house to Fagan. Later, Jamison changes her mind and refuses to transfer the property. Fagan cannot take legal action against Jamison because the contract is ____________________
Fill in the blank(s) with correct word
unenforceable
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The statement of members' equity is used for equity reporting of a partnership
a. True b. False Indicate whether the statement is true or false
Which is the best definition of interpersonal communication?
a. a large number of people interacting b. cocreation of meaning as people interact and is dyadic c. a face-to-face communication d. one person talking to a group
What is the effect on the balance sheet of making cash sales of inventory to customers on profit?
A. Assets increase and equity decreases. B. Assets decrease and equity increases. C. Assets and equity decrease. D. Assets and equity increase.
In an S Corporation, ownership can be freely transferred as long as the buyer is an individual.
Answer the following statement true (T) or false (F)