There is no difference between a void contract and an unenforceable contract
Indicate whether the statement is true or false
False
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One way of avoiding a fatal mistake at the close of negotiations is to reduce the agreement to written form.
Answer the following statement true (T) or false (F)
Which of the following is a highly suspicious financial statement relationship?
a. Increased revenues with increased cash flows b. Increased volume with decreased cost per unit c. Increased inventory with decreased payables d. Increased inventory with increased warehousing costs
You just recently accepted a new job at a company on the East Coast. You will be responsible for making sure your firm's products contain labeling that meets all federal laws and regulations. Your new company makes gourmet food items. Which of the following federal regulatory agencies should you become very familiar with in order to do your job most effectively?
A. WTO B. FTC C. EPA D. SBA E. FDA
Charles Bonney, the sole stockholder of Kid Corporation, wrongfully used the corporation to avoid a personal liability. A court's disregard of the corporate entity to hold Bonney personally liable is called:
A) limited liability. B) ultra vires. C) diversity of interest. D) piercing the corporate veil.