Metal Fabrication Corporation promises to give stock options to Sigourney for processes she has already designed for the firm. This promise is
A. enforceable because it is a new contract.
B. enforceable because it is an illusory promise.
C. enforceable because it is supported by past consideration.
D. unenforceable.
Answer: D
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A. hearing B. memorizing C. comprehending D. attending
Which of the following is a synonym for "bill of lading"?
A) Certificate of landing B) Estoppel certificate C) Bill of sale D) Way bill E) Exemption clause
Portia owes Bon $500 on their roof repair contract, but refuses to pay. To collect, Bon files a me¬chanic's lien. Under a mechanic's lien, security for the debt is repre¬sented by
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Information on the accounting policies, procedures, calculations, and transactions underlying entries in the financial statements can be found on ________
A) the notes to the financial statements B) the statement of retained earnings C) the proxy statement D) the management discussion and analysis (MD&A)