Aunt Ellie promises her 21-year-old nephew, Robbie, that she will pay him $100 if he quits smoking for a month. If Robbie does, is there a binding contract?
a. No, because Robbie gave no benefit to Aunt Ellie.
b. No, because Robbie did not suffer any detriment.
c. Yes, because stopping smoking will benefit Robbie's health.
d. Yes, because Robbie gave up a legal right.
d
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Only the debit amount for the income summary account must be extended in the work sheet
a. True b. False Indicate whether the statement is true or false
Professional service business enterprises include the following businesses EXCEPT
a. accounting. b. real estate. c. dentistry. d. medicine.
When depreciation rates are revised, all years of the asset's life are affected by the new computation
Indicate whether the statement is true or false
Which of the following is true regarding acceptance?
a. In the absence of a provision in an offer regarding how acceptance is to be made, acceptance is effective upon dispatch into a mailbox. b. Acceptance is never effective until it is received. c. An offeror may not by law specify that an offer can be accepted only by facsimile to a stated fax number and that the acceptance is not effective until actually received. d. An offeror may revoke an offer so long as the revocation is made before an acceptance is received.