BP transferred employees who raised concerns about safety at its facilities
Indicate whether the statement is true or false
TRUE
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Selling Expenses include
a. Office Salary Expense. b. Advertising Expense. c. Insurance Expense. d. Rent Expense.
A more uniform image, greater coordination, and quantity discounts in purchasing are advantages to the use of a centralized organizational structure
Indicate whether the statement is true or false
The state of Transas has set a maximum interest rate of 12 percent on loans. Matt borrows $10,000 from Tony to pay off a gambling debt. Both are residents of Transas
They sign a contract, which states that Matt would have to pay $1,500 as interest in one year to pay off the loan. Later, Matt gets to know about the state usury limit and sues Tony. What is the nature of the contract between Matt and Tony? A) It is illegal as it violates gambling statutes. B) It is legal as both parties were competent when the contract was signed. C) The contract is void as it violates usury laws. D) The contract is void as it is a contract to commit a crime.
Which of the following is an example of a contract that would be governed by Article 2 of the Uniform Commercial Code (UCC)?
A) Bill agrees to sell his farm to Sam for $200,000. B) Chantelle agrees to work for Jenna as her personal secretary for $50 an hour for the next year. C) Dwayne buys a used car from Tom's Autos for $7,000. D) Carlo leases a car for a year from EZ Cars for $2,000 per month.