National Grocers, Inc., enters into a contract with Overland Shipping Company for the delivery of a shipment of fresh produce. If ambiguities appear in the contract, they will be construed against

A. the party who drafted the contract.
B. the party with the greater bargaining power.
C. the promisor.
D. the promisee.


Answer: A

Business

You might also like to view...

What does the variable overhead cost variance measure?

What will be an ideal response?

Business

Generally, subsidiary ledgers are used for accounts that consist of a large number of individual items

Indicate whether the statement is true or false

Business

On January 1, a company issues 8%, 5-year, $300,000 bonds that pay interest semiannually each June 30 and December 31. On the issue date, the annual market rate of interest is 6%. Compute the price of the bonds on their issue date. The following information is taken from present value tables:Present value of an annuity (series of payments) for 10 periods at 3%8.5302Present value of an annuity (series of payments) for 10 periods at 4%8.1109Present value of 1 (single sum) due in 10 periods at 3%.0.7441Present value of 1 (single sum) due in 10 periods at 4%0.6756

What will be an ideal response?

Business

In which order will assets be listed in a balance sheet??

A. ?In ascending order of the value of the asset B. ?In alphabetical order C. ?In ascending order of the date of purchase of asset D. ?In order of liquidity E. ?In order of importance for the company

Business