The Parol Evidence rule applies when:
a. an executor promises to use her own funds to pay a debt of the deceased.
b. the promisor makes the guarantee not as a favor to the debtor, but out of self interest.
c. two parties make an integrated contract, then one party tries to contradict, vary, or add to its terms based on discussions or information beyond the contract.
d. there is a sale of goods worth $500.00 or more.
c
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Which of the following is a benefit of using a computerized accounting information system?
A) The software can accurately measure the intrinsic value of the firm using the built-in simulation techniques. B) There is no need to review the financial statements for accuracy. C) The software is easy to use and thus no training or financial statement review is necessary. D) The software automatically transfers the amounts from the general ledger to the financial statements.
Answer the following statement(s) true (T) or false (F)
1. Laissex-faire management could be a “silent killer” of strategy implementation. 2. Real-time strategic change causes a delay in the pace of change. 3. Scenario planning is simple in concept to explain as well as carry out or facilitate. 4. Most structural designs will achieve all criteria related to the 9 tests. 5. The purpose of an OD intervention in a large system is to make lasting change in the character and performance of an organization.
Lloyd and Merilyn are married and own a farm in Nebraska in such a way that neither may transfer separately his or her interest during his or her lifetime. Lloyd and Merilyn own the farm as
a. community property owners. b. joint tenants. c. tenants by the entirety. d. tenants in common.
Answer the following statement(s) true (T) or false (F)
1. Trademarks, patents, and copyrights are three forms of intangible personal property that provide legal protection for business firms but not individuals. 2. Chapter 11 bankruptcy allows an individual to establish a plan for repaying debts. 3. Negotiable instruments must be in writing and signed by the maker or the drawer. 4. A restrictive endorsement states what the instrument is to be used for. 5. A special endorsement uses the words without recourse and the person’s signature to signify that the person who signed the instrument, not the endorser, is responsible for payment.