Most of what is contained in a sales agreement is the same in the contract for a domestic representative as for an export sale. However, which of the following is among the two areas requiring special attention in an export sales contract?
A. Designation for managing promotion of the product.
B. Designation of responsibilities for collection of monies.
C. Designation of responsibilities for patent and trademark registration.
D. Designation of the deadline and mechanisms for completing the sale.
Answer: C
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An Iowa ethanol production company has been suffering from a combination of lower demand for gasoline (into which its product is mixed) and higher corn prices (which is the largest input cost). It has responded by selling off land, buildings, and some of its reserve product inventory. This is a variation of which of these grand strategies?
A. Right-size B. Growth C. Stability D. Defensive E. Reorganization
The International Zoological club publishes a monthly magazine for zoology enthusiasts. Members are required to pay an initial fee to cover the first two years of the subscription when registering with the club. In this scenario, the International Zoological club is ________.
A. locking in customers B. establishing alliances C. standardizing the product D. creating a new product E. enhancing services
CASE 22.3 SEC v. Contorinis (2014) dealt with a question of whether the defendant was required to disgorge the profits even though he had made the insider trades on behalf of a third party, and did not realize the profits personally
a. True b. False Indicate whether the statement is true or false
Thelma purchased a used truck from Hall that had been manufactured by International Harvester. To work on the truck engine, Thelma had to have the cab of the truck raised. When it was so raised, the cab fell unexpectedly and fatally injured Thelma. Suit
was brought for her wrongful death against Hall and International Harvester. The suit was based on theories of negligence, strict tort liability, and breach of warranty. The defense was raised that there was no liability because the sale to Thelma had been made "as is" and the truck was a used truck. Were these defenses valid?