Chad has offered to take Miles into his accounting firm as a partner upon payment of $5,000 cash. In response, Miles says, "I'll give you $3,000 cash now and I will pay you the remainder in two months after I see whether things are working out as a partnership." In this case:
A) Miles has made a counteroffer; hence there is no contract.
B) Miles has rejected the terms of the original offer, but there is still a contract.
C) Chad is a merchant making a firm offer under Article 2 of the UCC. Hence there is a contract.
D) any indefinite provisions in the contract between Chad and Miles will be supplied by Article 2 of the UCC.
A
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Which of the following statements about the adversary system is true?
A. The judges have a duty to direct the search for truth rather than expecting it to emerge from the efforts of the lawyers for the parties. B. The lawyers, in an adversary system, do not persuade the judge that the other party's view of the facts is in error. C. The adversary system represents the idea that truth is best discovered through the presentation of competing ideas. D. The judge, in an adversary system, is actively involved in determining the facts of a case.
________ is a test statistic that measures the association between two ordinal-level variables. It makes an adjustment for ties and is most appropriate when the table of variable is square
A) Tau b B) Symmetric lambda C) Tau c D) Gamma
Teri, Doug, and Brian are partners with capital balances of $20,000, $30,000, and $50,000 respectively. They share income in the ratio of 3:2:1. Income Summary with a debit balance of $30,000 is closed to the capital accounts. Doug withdraws from the partnership. How much cash does he get upon withdrawal?
A) $30,000 B) $20,000 C) $40,000 D) $24,000
An over-the-counter market is a network of brokers and dealers, connected electronically by telephones and computers that provides for trading in securities not listed on the physical stock exchanges.
Answer the following statement true (T) or false (F)