In which of the following cases would an oral contract be enforceable without a written memorandum? Choose the best answer
a. Michelle calls an employment agency in Paris to arrange for maid service for her three-month Parisian vacation.
b. Ron, who is 6 foot tall and weighs 185 pounds, orders three custom-made suits.
c. Catherine calls Lucky Dude Ranch to purchase the championship race horse they have advertised in the paper.
d. Anna orders a top of the line computer over the phone.
a
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A tells B, "I will cut your grass for $50." A in this scenario is the:
A) offeror. B) offeree. C) minor. D) incompetent.
On January 1, Year 2, the balance of Jacobs Corporation's Accounts Receivable was $29,000. Sales on account for Year 2 amounted to $178,000 and the ending balance of Accounts Receivable was $45,500. What is the amount of cash collected from customers?
A. $207,000 B. $132,500 C. $161,500 D. $194,500
Merchandise inventory refers to products that a company owns and intends to sell to customers.
Answer the following statement true (T) or false (F)
Jacob is not a team lead or a manager. Yet, his co-workers comply with his suggestions because they respect and trust the knowledge and skills he has acquired through experience. This scenario best illustrates the ________.
A. reward power base B. position power base C. expert power base D. referent power base