In 2001, Nike admitted that it used child labor to produce its expensive sportswear products, while paying the children just pennies a day. This is an example of ______.
a. creating economic value in the short run
b. being a conscientious corporate citizen
c. being socially responsible
d. following a sustainable manufacturing practice
a. creating economic value in the short run
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Which of the following is true of misrepresentation in contracts?
A. Misrepresentation cannot result from an honest mistake or negligence. B. A victim has to show detriment from misrepresentation to cancel a contract. C. A mere untrue assertion is sufficient for proving misrepresentation. D. Statements of opinion serve as a basis for rescission.
Mohinder sells small-business health insurance programs, working on straight commission. Closing the sale is an extremely stressful point in the selling process for him. If he does not close the sale, the most likely outcome will be
A. he will generate no income. B. his quota will be increased. C. his bonus will not exceed his commission. D. his quota will be lowered. E. he will get a salary reduction.
Fact Pattern 26-1BJake is the maker of a $2,000 promissory note payable to Kim. Kim indorses the note to Lyron who, in turn, indorses it to Mona, who then indorses it to Neville, the present holder.Refer to Fact Pattern 26-1B. Suppose that Mona pays Neville on the note. With timely notice to the proper parties, Mona may collect payment on the note from
A. Jake, Kim, or Lyron. B. Jake or Kim only. C. Lyron only. D. no one.
Dalton presents an uncertified check for payment more than six months after its date. The check was drawn by Emma on her account in First City Bank. If First City follows the usual banking practice in such a case, it will A) cash the check
B) consultEmma. C) refuse to cash the check. D) askDalton what he would prefer.