Mary goes into Honest Harry's Electronics and purchases a TV. Mary agrees to pay for the TV in 30 days on the store's "30 days same as cash" plan. This is an executory contract
a. True
b. False
Indicate whether the statement is true or false
True
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In addition to market opportunities, the information that the headquarters of an IC needs to have reported to it by all operating units includes _____________________________.
What will be an ideal response?
A bill of exchange that is payable at a definite future time is known as a sight bill
Indicate whether the statement is true or false
Net working capital is equal to gross working capital minus depreciation
Indicate whether the statement is true or false
You are asked to provide two friends who are in business together with advice regarding what they need to do to legally in order to form a limited liability company. Although your friends like the general notion of limited liability in the operation of
their business, they are totally unfamiliar with the legal processes for forming a LLC, so you need to provide them with the basic requirements for LLC creation. What specific advice would you give them?