A parcel of property that is owned as tenants by the entirety can be owned by no more than two
owners.
Indicate whether the statement is true or false
TRUE
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An internal issue to be considered when setting a price is
a. whether there is a sole source or heavy competition. b. the life of the product or service. c. a price geared toward a minimum return on investment. d. whether there is seasonal demand or continual demand.
Which of the following is an exception to the Statute of Frauds?
A) contracts under promissory estoppel B) agents' contracts C) merger clause D) prenuptial agreement
The best way to reduce overall distribution costs is to
A. use a total-cost approach to analyze and evaluate the entire system. B. minimize the costs associated with materials handling and transportation. C. reduce the number of distribution functions that are necessary. D. find the cheapest price for each function and use them to create the system. E. lower the service standards that the company has.
The duty of an agent to keep his principal informed of all facts relevant to the agency purpose is called the duty:
a. to account b. of obedience c. to indemnify d. of loyalty e. none of the other choices