In Certified Fire Protection v. Precision Construction, Precision accepted a winning bid from Certified for it to install a fire suppression sprinkler system. Later the two parties got into a fight over some details in the contract, which was never signed. The courts held that the contract was:
a. a binding contract had been formed, even though only one of the parties had signed the agreement
b. a binding contract was never formed because the parties did not agree on some major terms needed for an agreement
c. there was no binding contract because Certified failed to accept in the manner prescribed in the contract that was offered
d. there was no binding contract because Precision failed to make the initial payment needed to bindCertified
e. there was no binding contract because the document "shocked the conscience of the court"
b
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When a company declares a 3-for-1 stock split, the number of outstanding shares
a. is tripled compared to the number of shares that were outstanding prior to the split. b. stays the same, but, the number of issued shares triples. c. is tripled, while the number of issued shares is reduced to one-third of the original issued shares. d. is reduced, and the number of issued shares is tripled.
People are often ethnocentric and favorably predisposed to their own country's products, unless they come from a less developed country
Indicate whether the statement is true or false
Name and briefly define the two forms of a potential coalition.
What will be an ideal response?
The pricing of intracompany transactions should not have an effect on the determination of the product cost and the selling price to external customers
Indicate whether the statement is true or false