Digital Storage, Inc, offers to sell provide cloud-computing services to Entrepreneur Enterprises, Inc, but mistakenly transposes some of the digits in the price so that $15,400 appears in the offer as $14,500. Entrepreneur Enterprisesaccepts the written offer. Refer to Fact Pattern 14-1. Digital Storage'sbest defense against enforcement of the contract is that Entrepreneur Enterprisesknew
A) a
bilateral mistake supports the cancellation of a contract.
B) a mistake of value supports the cancellation of a contract.
C) a unilateral mistake supports the cancellation of a contract.
D) the price was below the prices of comparable devices.
D
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When presenting to high-ranking executives, ________ will consume most of the presentation time
A) explaining your credentials B) convincing them of the value of your presentation C) the question and answer period D) explaining the cost of the idea E) reading and understanding the nonverbal signals being transmitted
Roehr Corporation issues 20,000 shares of $0.50 par common stock for $6 per share; the Additional Paid-in Capital—Common account will increase by
a. $ 10,000 . b. $110,000 . c. $120,000 . d. $130,000.
A large retail enterprise has established a policy that requires that the paymaster deliver all unclaimed payroll checks to the Internal Auditing Department at the end of each payroll distribution day. This policy was most likely adopted in order to:
A. prevent the paymaster from cashing checks that are unclaimed for several weeks. B. prevent a bona fide employee's check from being claimed by another employee. C. detect any fictitious employee who may have been placed on the payroll. D. assure that employees who were absent on a payroll distribution day are not paid for that day.
Which of the following statements is true of advertising by members of professional associations?
A. Research has shown that consumers generally disfavor the use of professional advertising. B. The Supreme Court has ruled that professionals, such as dentists and physicians, have the right to advertise. C. Both government regulatory agencies and consumer groups are against advertising by members of professional associations. D. Professional associations have always authorized advertising by their members on the basis that such promotional activities heighten members' professional status. E. Professional advertising is typically considered unethical and fraudulent.