Under contract law, facsimile signatures are always as valid as original signatures.
Answer the following statement true (T) or false (F)
False
A facsimile signature will be acceptable on a contract if the contract states that facsimile signatures are valid. More common, however, the parties follow-up by sending the original signed documents by overnight mail or express delivery. Some states have enacted statutes allowing certain facsimile signatures.
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A system fails 20 times in 800 hr of operation. The failure rate of the system is ______.
A. 0.025 B. 0.035 C. 0.015 D. 0.051
Based on the statute of frauds, which of the following contracts is orally enforceable?
A) a contract by the administrator of Harold's estate to personally pay Harold's outstanding debt if the estate cannot B) a contract by an athlete to endorse a company's products for three years C) a contract between two parties to sell goods worth $5,000 D) a contract to provide medical help to a person till the person dies
At Delta Diamonds, Inc., managers start every week with a two-hour meeting, focusing on the company's goals for that week and how employees can achieve the goals. This routine describes
A. a symbol. B. the company's values. C. a story. D. a ritual. E. the company's language.
Cameron has $17,000 in monetary assets and $4,000 in current liabilities. What is his current ratio?
A) 17,000/4,000 B) .535 times C) 5 times D) 13,000/4,000