Bob signed an agreement with Joe under which Bob agreed to purchase all the hay that Joe grew during the coming growing season. This contract will be
A. unenforceable due to its vagueness.
B. unenforceable due to the difficulty of devising an appropriate remedy for a breach.
C. enforceable as long as both parties act in good faith and Bob doesn't suddenly demand more hay than what was reasonably estimated.
D. unenforceable unless state real estate law makes an exception.
Answer: C
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Which of the following is an inventory valuation method?
a. First-in, first-out b. Average-cost c. Lower-of-cost-or-market d. Perpetual
Green-circle rates:
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Elan Elite Service Company's offer of shares of stock in itself to anyone who is willing to pay $600 per share is
A. a shareholder agreement. B. key-person insurance. C. a private offering. D. a public offering.