Examples of illusory promises include:
A) cancellation provisions
B) apparent promises.
C) conditional obligations.
D) real obligations.
B
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______ are the informal rules of behavior that govern the team.
A. Standards B. Norms C. Cohesions D. Guidelines
Under which chapter of the Bankruptcy Code does the bankruptcy involve a complete sale or liquidation of all assets with the proceeds used to pay creditors, usually at some percentage of the debts owed?
a. Chapter 5 b. Chapter 7 c. Chapter 11 d. Chapter 13
Marwick Corporation issues 8%, 5-year bonds with a par value of $1,000,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6%. What is the bond's issue (selling) price, assuming the following Present Value factors:n= i= Present Value of an Annuity Present value of $15 8% 3.9927 0.680610 4% 8.1109 0.67565 6% 4.2124 0.747310 3% 8.5302 0.7441
A. $1,000,000 B. $658,792 C. $1,085,308 D. $1,341,208 E. $789,244
Where an agent has disclosed that she is an agent, but has not disclosed the identity of the principal, who can be held liable on an authorized contract entered into by the agent on the principal's behalf?
A) The agent only B) The principal only C) Both the principal and agent D) Neither the principal nor the agent E) Only the agent prior to disclosure of the principal's identity, and only the principal thereafter