Intoxicated and not aware of the consequences, Umberto agrees to a two-year cell-phone service contract with Wander Talk, Inc, at more than the average market price. This contract is?
A)?enforceable
B)?not enforceable because contracting parties can change their minds.
C)?not enforceable because the contract clearly favors Wander Talk.
D)?not enforceable because Umberto was intoxicated enough to lack mental capacity when he agreed to it.
D
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The two cofounders of Network Appliance, a data-storage firm in Sunnyvale, California, were feuding with each other because one founder couldn't stick to his decisions, which drove the other founder crazy. A(n) ____________ began working with the warring executives in separate sessions to solve the problem.
A. organizational behavior specialist B. family doctor C. informational technologist D. acquisition consultant E. labor relations specialist
The United Nations Global Compact (UNGC) Principles seeks to improve the ______.
a. moral nature of conducting business around the world b. access that developed nations have to developing-nation workers c. quality of life of labor migrants around the world d. environmental laws applied at the national level around the world
Landmark Corp. buys $350,000 of Schroeter Company's 8%, 5-year bonds payable at par value on September 1. Interest payments are made semiannually. Landmark plans to hold the bonds for the 5-year life. The journal entry to record the purchase should include:
A. A debit to Short-Term Investments-AFS $350,000. B. A debit to Debt Investments-AFS $350,000. C. A debit to Cash $350,000. D. A debit to Short-Term Investments-Trading $350,000. E. A debit to Debt Investments-HTM $350,000.
Carlo is a director of Desserts Italiano, Inc Carlo opposes a tender offer that is in the company's best interest because its acceptance would cost his position as a director. Carlo is most likely liable for a breach of A) none of the choices
B) the business judgment rule. C) the duty of care. D) the duty of loyalty.