Lyn files a suit against Karl. Karl denies Lyn's charges and sets forth his own claim that Lyn breached their contract and owes Karl money for the breach. Karl's claim is

a. acontrary charge.
b. a counterclaim.
c. a counterpoint.
d. a cross complaint.


b

Business

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What will be an ideal response?

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Super-Mart decides to create its own brand of personal care products. It enters into an agreement with a large manufacturer of this type of product to supply Super-Mart with the products that will carry its newly formed brand's name. This is an example of ________ branding.

A. co- B. stand-alone C. national D. family E. store

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The E shop Africa fair trade market offers all the following products except:

a. Musical instruments b. Carvings c. Religious artifacts d. Jewelry

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Chapter 7 of the Bankruptcy Act is designed to do all of the following EXCEPT:

A. Provides safeguards against the withdrawal of assets by the owners of the bankrupt firm. B. Allows insolvent debtors to discharge all of their obligations and to start over unhampered by a burden of prior debt. C. Provides for an equitable distribution of the assets among the creditors. D. Details the procedures to be followed when a firm is liquidated. E. Establishes the rules of reorganization for firms with projected cash flows that eventually will be sufficient to meet debt payments.

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