A single ERP system cycle is easier to maintain and support
Indicate whether the statement is true or false
FALSE
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John watches his brother being killed in a road accident. The perpetrator was driving under the influence of alcohol. John can recover damages for negligent infliction of emotional distress for the mental trauma he suffered from watching his brother die.
Answer the following statement true (T) or false (F)
On June 17, 2012, Company A purchases 10,000 shares of Company B's $15 par value, common stock for $200,000 . Company B has 50,000 shares of common stock outstanding. On December 31, 2010, the market price of the stock is $22 per share. Company A's entry to record the stock purchase is:
a. debit Short-Term Investments, $200,000, and credit Cash, $200,000. b. debit Investment in Company B, $200,000, and credit Cash, $200,000. c. debit Long-Term Investments, $150,000; debit Allowance to Adjust Long-Term Investments to Market, $50,000; and credit Cash, $200,000. d. debit Investment in Company B, $150,000; debit Allowance to Adjust Long-Term Investments to Market, $50,000; and credit Cash, $200,000.
Chip's Chips Company agrees to supply Delicioso Café with all the corn chips that it requires for a year. A sudden demand for ethanol results in a shortage of corn, and the price rises sharply. Chip's asks Delicioso to pay a higher price for the chips. This request is
A. invalid as an attempt at extortion or the so-called holdup game. B. invalid under the preexisting duty rule. C. valid as a risk ordinarily assumed in business. D. valid due to the unforeseen difficulty of the sudden price increase.
Most contracts need to be performed to personally satisfy the party to whom performance is owed.
Answer the following statement true (T) or false (F)