A, a New York firm, sends a purchase order to B in Sweden. A standard clause on the purchase order states that "All disputes are to be heard in the courts of New York." B confirms using its standard form, which states that "all disputes are to be resolved in arbitration before the ICC, Sweden." Under the CISG:
A) A contract exists on A's terms because B's terms were a material alteration and do
not become a part of the contract.
B) A contract exists on B's terms because the modification is immaterial.
C) No contract exists because B's terms were a counteroffer that was not accepted by A.
D) A contract exists because A did not promptly object to the new terms.
C
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An analytical report always ends by presenting recommendations
What will be an ideal response?
Under the Securities Act of 1933, liability is imposed for improper offers and sales when:
A. a person sells his securities to another private party without notifying the Securities and Exchange Commission. B. the investor finds that the registration statement for the security contained an untrue statement. C. a person offers or sells unregistered and nonexempt securities in violation of the Act. D. the issuer inadvertently omits a few material facts in the registration statement.
Gateway sold a big-screen TV and entertainment center to Iris for $2000 on credit. Iris signed a promissory note and gave Gateway a security interest in the TV and entertainment center. Gateway filed a financing statement in the appropriate public
office. When Iris defaulted on her monthly payments owing a balance of $1780, Gateway's attorney made arrangements to have the TV and entertainment center repossessed. The attorney then placed classified ads in the local newspaper to sell the goods. The attorney's fees are $300, the repo company charged $150, and the advertising costs are $50. (A) If Iris chooses to redeem the property, how much must she pay to Gateway to recover the property? (B) If Iris does not redeem and the TV and entertainment center are sold for $1750, how will the money be disbursed?
Creative Industries Inc is looking to finance a new project with either debt or equity. The firm anticipates that its breakeven EPS-EBIT point is when EBIT reaches $3,000,000 If the projected EBIT are $3,500,000 for the foreseeable future, then to maximize EPS the firm should issue:
A) equity. B) debt C) preferred shares. D) a dual class of equity.