Habitat for Humanity and Girl Scouts are both examples of
A. cooperatives.
B. quasi-government corporations.
C. limited-liability corporations.
D. cooperatives.
E. not-for-profit corporations.
Answer: E
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A promise by Derkin Restaurants to buy all of the produce it needs this next year at an established price from Elfredo's Produce would be an:
a. enforceable requirements contract. b. enforceable output contract. c. unenforceable, illusory contract. d. unenforceable promise based on past consideration.
Under which of the following circumstances would a court be unlikely to enforce the illegal contract?
a. Where the aggrieved party was unaware of the illegality. b. Where a party withdraws from an illegal agreement prior to performance. c. Where the agreement is with an unlicensed attorney. d. Where one of the parties is less at fault than the other.
Mutual forbearance is a form of explicit collusion between firms in which competitors avoid attacking rivals they meet in multiple markets.
Answer the following statement true (T) or false (F)
The approximate before-tax cost of debt for a 10-year, 8 percent, $1,000 par value bond selling at $1,150 is ________
A) 5.97 percent B) 8.33 percent C) 8.82 percent D) 9 percent