A promise to make a gift for a charitable or educational purpose is unenforceable unless and until the institution to which to promise was made incurs obligations by relying on the promise. This exception is usually justified on the basis of either ________ or ________.

A. the Statute of Frauds; the applicable statute of limitations
B. estoppel; public policy
C. criminal law; civil law
D. substantial performance; forbearance


Answer: B

Business

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The main purpose of the implementation phase is to do which of the following?

a. Choose the best ideas and move forward with them. b. Eliminate all but the best ideas. c. Test assumptions of new ideas to shape them into viable opportunities. d. Start creating the designs selected through previous phases.

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Rick wrote a song entitled "Wonderful." At the bottom of the first page of music he wrote "© 1990 by Rick Reed." Four months later a local band was playing his song at a bar. Rick felt that the bar was an inappropriate setting for his music. What is his remedy?

Business

If the desired intermediate target is an interest rate, then the preferred operating target will be a(n) ________ variable like the ________

A) interest rate; three-month Treasury bill rate B) interest rate; federal funds rate C) reserve aggregate; monetary base D) reserve aggregate; nonborrowed base

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In a budget, "fun money" is for family members to spend as they like.

Answer the following statement true (T) or false (F)

Business