Julia Pitt runs a boutique that specializes in luggage and travel items. Julia contacts Tumi Luggage about carrying its line of messenger satchels. The Tumi representative tells Julia that Tumi would be happy to sell her 100 Tumi Black Messenger bags for $318 each. Julia is happy with the price and asks Tumi to send the bags. The Tumi representative then faxes a confirmation of the shipment of
the 100 bags at $318 each. Julia receives the fax. When the bags arrive, Julia contacts Tumi and says there is a business downturn and that she does not want the bags and that there was no contract anyway.
A) Julia is correct; the contract requires some type of authentication from Julia to be enforceable.
B) Julia is correct; the contract required more than a fax to have a sufficient record.
C) Julia is incorrect; she and Tumi have a valid and enforceable contract.
D) Both a and b
C
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Purchased intangible assets are generally expensed at their acquisition costs because the future economic benefits associate with them are difficult to measure
Indicate whether the statement is true or false
Crytrin Manufacturing, Inc contracted with Molfrey, Inc to manufacture three large pieces of equipment. The contract contained a clause stating that Crytrin agreed to repair or replace any defective equipment, but that was the only remedy Molfry would have. This clause
a. is an effective disclaimer. b. will not keep Molfry from obtaining consequential damages since, under the UCC, consequential damages cannot be excluded. c. is a limitation of remedy clause, which limits or excludes normal remedies permitted under the UCC. d. limits any express warranties made by Crytrin.
Althea Caldwell is the director of Arizona's Department of Health Services (DHS). DHS is charged the administration of the state's behavioral health system and is responsible for contracting with private providers for millions of dollars of mental
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The management of a department store is interested in estimating the difference between the mean credit purchases of customers using the store's credit card versus those customers using a national major credit card. You are given the following information. Store's Card Major Credit Card Sample size64 49 Sample mean$140 $120 Population standard deviation$10 $8 ? A point estimate for the difference between the mean purchases of all users of the two credit cards is
A. 20. B. 2. C. 260. D. 15.