An important force affecting business is the ________ movement, a movement of citizens and government organized to strengthen the rights and powers of buyers in relation to sellers
A) human rights
B) consumerist
C) environmental
D) self-determination
E) materialistic
B
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Mr. Jones agrees to buy a tractor from Monster Tractor Ltd. With Monster's consent, he backdates the contract and the cheque so he can claim the expense in the previous tax year
Monster is late in delivery, so it agrees to pay interest on the purchase price until Jones receives the tractor. After delivery, Monster refuses to pay the interest, and Jones sues. Which of the following statements is TRUE? A) The contract is enforceable. Its purpose was to buy and sell a tractor, and there is nothing illegal about that. B) The contract is enforceable. There was an illegal purpose to the original agreement, but it had nothing to do with the agreement to pay interest. C) The contract is enforceable. While it is true that Jones was attempting to cheat on his taxes, and Monster was knowingly assisting him, as between the two of them one is no better than the other. D) The contract is unenforceable. There was an illegal purpose to the original agreement, to cheat Revenue Canada so it also made the agreement to pay interest unenforceable. E) Both B and C
Reasons for imposing tariffs include:
a. the collection of revenue. b. controlling exports. c. the protection of domestic industry. d. Both a and c
Which statement about the incontestable clause is true?
I. It protects the beneficiary if the insurer tries to deny a claim years after the policy is issued. II. If protects the insurer from having to pay a claim during the first two years if the insured made a material misrepresentation or concealed material information in the application. A) I only B) II only C) both I and II D) neither I nor II
Inventory for CEE in 2013 was ________. (See Table 3.1)
A) $36,667 B) $32,448 C) $27,500 D) $ 9,167