Under the common law, an offer can be revoked:
a. anytime the offeror wants
b. only if allowed by a district court c. anytime before acceptance
d. anytime after acceptance e. anytime the offeree wants
c
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The amount of cash received for a discounted noted is called maturity value
Indicate whether the statement is true or false
Sweet Sal’s drive-thru eatery pays just above minimum wage, but other restaurants pay their workers more. Sweet Sal’s is paying ___________.
A. minimum wage B. at market C. above market D. below market E. profit sharing
A nolo contendere plea can be used against the defendant in a civil suit
Indicate whether the statement is true or false
Sand Corporation manufactures two styles of lamps—a Bedford Lamp and a Lowell Lamp
The following per unit data are available: Bedford Lamp Lowell Lamp Sales price $20 $36 Variable costs $5 $10 Machine hours required for one lamp 3 8 Total fixed costs are $42,000, and the machine hour capacity is 32,000 hours per year. The Lowell Lamp has the highest contribution margin per unit and also has the highest contribution margin per machine hour, so the company should focus sales on the Lowell Lamp. Indicate whether the statement is true or false