Five Star Flooring orders carpet from Textile Mills Corporation, but Textile does not deliver. Five Star will probably be unable to enforce the agreement if the parties omitted
A. the duration of the deal.
B. a payment term.
C. a quantity term.
D. shipping arrangements.
Answer: C
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Which of the following is true of a business operating as a sole proprietorship?
A) It is not considered a separate legal entity from the owner. B) It cannot be sold when the owner decides to do so. C) It requires governmental approval when being transferred. D) It has access to unrestricted capital by means of investments.
Molly and Craig are the original parties to a contract. Craig is obligated to design a Website for Molly. They subsequently make an agreement with Eric that Eric should take the place of Craig and assume all of Craig's rights and duties under the contract. The agreement releases Craig from his obligations under the contract. This agreement is
a. a novation. b. an accord and satisfaction. c. an assignment. d. a nullification.
Traditionally, trademark protection was created by priority of use
a. True b. False Indicate whether the statement is true or false
Fraud by malicious insiders often involves some form of collusion, or cooperation, between an employee and an outsider
a. True b. False Indicate whether the statement is true or false