Under UCC Article 2, when there is a failure to respond to a writing signed by the other party:
a. the contract will not be binding b. there cannot be a good contract
c. there cannot be a good contract, but under the common law there could be
d. the court may require the other party to respond in writing to make the contract legal e. none of the other choices are correct
e
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If sales total $2,000,000, fixed costs total $800,000, and variable costs are 60% of sales, the contribution margin ratio is 40%
Indicate whether the statement is true or false
________ are forms of gifts or grants to businesses.
A. Tax abatements B. Tax credits C. Unpaid labor by friends and family D. All of these.
Ratification:
A) can only occur after the third person withdraws from the transaction and gives notice of such withdrawal. B) can be effected by a disclosed or an undisclosed principal according to the Second Restatement. C) relieves the agent of any liability she may have to the third party by reason of her having induced the third party to enter the contract without the principal's authority. D) may be made by a principal that was not in existence at the time the contract was made.
As the relative expected return on dollar deposits increases, foreigners will want to hold more ________ deposits and less ________ deposits
A) foreign; foreign B) foreign; dollar C) dollar; foreign D) dollar; dollar