A voidable contract never was or will be a valid contract
a. True
b. False
Indicate whether the statement is true or false
False
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Reasons for regulation of insurance include which of the following? I. Maintaining insurer solvency II. Ensuring reasonable rates
A) I only B) II only C) both I and II D) neither I nor II
In selecting the best group of unequal-lived projects, if the projects are mutually exclusive, the length of the projects lives is not critical
Indicate whether the statement is true or false
Bay City Merchants Corporation has six shareholders, four of whom are members of the same family. All of Bay City's shareholders agree in writing to operate without shareholders' meetings. Under the Revised Model Business Corporation Act, this most likely warrants A) no penalties or sanctions
B) the imposition of a fine on Bay City. C) the imprisonment of Bay City's shareholders. D) the piercing of Bay City's corporate veil.
What is the NPV of a $45,000 project that is expected to have an after-tax cash flow of $14,000 for the first two years, $10,000 for the next two years, and $8,000 for the fifth year? Use a discount rate of 8%. Would you accept or reject the investment?
What will be an ideal response?