Privity of contract is the legal principle that third parties are subject to obligations under
a contract and are entitled to its benefits.
Indicate whether the statement is true or false
FALSE
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Commercial sources of information typically legitimize and evaluate products for buyers
Indicate whether the statement is true or false
Haute Dogs, Inc, sells a franchise to Irene's Cuisine, a lunch truck. Irene's Cuisine is? A) a franchisee
B) a franchisor. C) a partner. D) a principal.
Discuss the similarities between the Westland/Hallmark case and the Cintas and OSHA case
A firm is considering relaxing credit standards, which will result in annual sales increasing from $1.5 million to $1
75 million, the cost of annual sales increasing from $1,000,000 to $1,125,000, and the average collection period increasing from 40 to 55 days. The bad debt loss is expected to increase from 1 percent of sales to 1.5 percent of sales. The firm's required return on investments is 20 percent. The firm's cost of marginal investment in accounts receivable is ________. (Assume a 360-day year.) A) $5,556 B) $9,944 C) $12,153 D) $152,778