Fact Pattern 12-1AJesse defends against a breach-of-contract suit by College Credit Corporation by claiming that their deal¾a student loan accruing interest at a certain rate and payable beginning on a certain date¾was unfair because the consideration for their contract was inadequate.Refer to Fact Pattern 12-1A. A court is most likely to evaluate the adequacy of consideration if
A. a thing exchanged has no intangible value to one of the parties.
B. something exchanged is not of direct economic or financial value.
C. the items exchanged were of unequal value.
D. there is a gross disparity in the value of the consideration exchanged.
Answer: D
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Answer the following statements true (T) or false (F)
1. The market rate is the rate used to calculate the actual cash payments made to bondholders. 2. Financial leverage occurs when a company earns less income on borrowed money than the related interest expense. 3. Unlike cash dividends, which are optional payments to stockholders, the interest payments on bonds are required. 4. Debt is a less expensive source of capital than stock. 5. Bonds affect the percentage of ownership of a corporation.
In designing an international organization, it is essential that the structures and systems being implemented are not merely consistent with each other, but also consistent with the ___________________ and _________________________.
What will be an ideal response?
Under a ______ the retiree knows exactly what they are going to receive in benefits when they retire.
A. undefined benefit plan B. undefined contribution plan C. defined benefit plan D. defined contribution plan
Synergy Inc. has developed a line of appliances that run on the sun's energy and cause no harm to the environment. The company is also planning to introduce battery-run motorbikes that release no pollution
Which of the following concepts is illustrated in this scenario? a. Divestment b. Opportunism c. Green marketing d. Cause-related marketing