Forming regional alliances is one way to help mitigate the practice of government protectionism. Which of the following is NOT a regional trade organization formed by government treaty?
A) EU
B) NAFTA
C) NATO
D) MERCOSUR
Answer: C
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Which of the following statements is true about unliquidated debts?
A. Composition agreements are an exception to unliquidated debts and can be enforced without additional consideration. B. As the amount is genuinely in dispute, an agreement resulting in accord and satisfaction is enforceable. C. All courts allow collection of the remainder if checks marked "payment in full" are cashed without reservation. D. As the amount is due and certain, a promise to pay less lacks consideration.
While workplace communication is important, it is a frill or occasional occurrence
Indicate whether this statement is true or false.
If the parties to a sales contract state that a certain remedy is exclusive, then it is the sole remedy.
Answer the following statement true (T) or false (F)
ASC 280Â requires certain disclosures about major customers. All of the following statements about those disclosures are true with the exception of which statement?
A. For applying the disclosure test, there is no specific threshold (percent of total revenues) that is defined as "significant". B. The identity of the segment reporting the revenue from a significant customer must be disclosed a footnote. C. The amount of revenue from a significant customer must be disclosed in a footnote. D. A local, state, or foreign government can be considered a major customer.