Angela uses fraudulent means to induce Walter to enter a sales contract. Angela obtains a voidable title to the goods
a. True
b. False
Indicate whether the statement is true or false
True
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Describe the reasons for increasing business globalization.
What will be an ideal response?
What is the basic principle of Vroom’s theory?
What will be an ideal response?
Which of the following is correct with regard to consideration?
a. In a unilateral contract, a promise is exchanged for an act or forbearance to act. b. In a bilateral contract, there is an exchange of promises. c. Legal sufficiency is always related to adequacy of consideration. d. Two of these are correct.
In the context of small businesses, which of the following statements is true of consignment selling?
A. It consists of two or more companies exchanging items of roughly equal value. B. It is regulated by the federal Small Business Administration. C. It allows payments to be made to suppliers only when products are sold. D. It allows small businesses to reap tax advantages by selling stock shares to workers.