Exclusive dealing contracts are binding because sufficient consideration is present
a. True
b. False
Indicate whether the statement is true or false
True
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On February 15, Jewel Company buys bonds of Marcelo Corp. for $200,110 cash. This debt investment is classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. Jewel Company sells 40% of the Marcelo Corp. debt investment on November 17 of the current year for $102,200 cash. The entry to record this sale includes a:
A. Debit to Loss on Sale of Debt Investments for $22,156. B. Debit to Cash for $80,044. C. Credit to Debt Investments-AFS for $80,044. D. Debit to Debt Investments-AFS for $80,044. E. Credit to Loss on Sale of Debt Investments for $22,156.
Hysterical cruise vacationers besiege Tatiana, their excursion coordinator, and her fourteen assistants at the Port of Cozumel when they realize that all water excursions have been cancelled for no reason in particular
It takes them 4 minutes to find the customers an alternative excursion activity and customers cluster around them at the rate of 200 per hour. About how many customers are waiting in line to receive their valuable service if the service times are exponentially distributed and the arrivals follow a Poisson distribution? A) 2.78 B) 3.17 C) 4.52 D) 5.00
In some states, the courts prefer to rely on traditional notions of fraud, undue influence, and duress rather than the concept of unconscionability
Indicate whether the statement is true or false
A corporation formed by a doctor for the sole purpose of providing his services for which he is licensed is called a(n) ________.
A. professional service corporation B. C corporation C. nonprofit corporation D. S corporation