Grain Farms, LLC, and Harvest-to-Market Truck & Transport Company sign a writ¬ten con¬tract that does not involve a sale of goods. To be enforceable, the writing must include
a. a correct title, such as "Shipment Contract.".
b. all essential and nonessential terms.
c. a statement of the consideration.
d. a description of the parties' businesses.
C
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Matching can occur directly (like cost of goods sold), indirectly (like plant assets), or immediately when no future benefits from the cost are expected
a. True b. False Indicate whether the statement is true or false
Do corporate decisions that increase the value of the firm's equity benefit society as a whole?
A) Yes, as long as the value of the firm's equity increases, society is better off. B) Yes. as long as the increase in the value of the firm's equity does not come at the expense of others. C) No, any gain in the value of the firm's equity is always less than the cost to society. D) No, any gains in the value of the firm's equity are perfectly offset by societal costs.
Often, more than one rule of law will be applicable to a case.
Answer the following statement true (T) or false (F)
A rise in the general level of prices over time is called ________
A) deflation B) inflation C) disinflation D) deflection E) equilibrium