Bob signed a contract to donate to a charity every month. He included a clause that the contract would be terminated if the charity did not function properly. What restriction has Bob established in this contract?
A) commercial impracticability
B) condition precedent
C) condition subsequent
D) novation
C
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Any lawful contract can form the potential basis for an action based on wrongful interference with a contractual relationship.
Answer the following statement true (T) or false (F)
Organizations use _______________ information to make repetitive decisions.
Fill in the blank(s) with the appropriate word(s).
Briefly describe GUI
What will be an ideal response?
Walsh Company sells inventory to its subsidiary, Fisher Company, at a profit during 2017. With respect to one-third of the inventory sold to Fisher, Walsh accounts for it using the equity method of accounting..In the consolidation worksheet for 2017, which of the following accounts would be credited to eliminate the intra-entity transfer of inventory?
A. Investment in Fisher Company. B. Cost of goods sold. C. Inventory. D. Sales. E. Retained earnings.