The UCC allows a contract to be formed as long as the parties intended to contract even even in cases in which essential terms such as price, quantity, and terms of payment are missing

Indicate whether the statement is true or false


T

Business

You might also like to view...

Explain the concepts of mechanistic and organic organizations. What kind of organization should be in place when an organization's environment is changing quickly and unpredictably?   

What will be an ideal response?

Business

Which of the following is NOT an internal control over the petty cash fund?

A) Petty cash tickets are sequentially numbered. B) A specific amount of cash is designated to be kept in the petty cash fund. C) Petty cash tickets serve as the authorization voucher and explanation. D) Two custodians should be assigned responsibility for the petty cash fund.

Business

The formula presentation method is more structured compared to the canned sales presentation method.

Answer the following statement true (T) or false (F)

Business

In the EOQ model, the order quantity is?

a. d/2 b. d c. Q/2 d. Q

Business