When a member of a limited liability company guarantees payment of a loan to the firm, the member is personally liable for the obligation.
Answer the following statement true (T) or false (F)
True
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Making global supply chains lean ______.
A. is difficult because it requires coordination to establish the rapid flow of goods and information B. is easy because annual deliveries required for JIT inventory management are easy to achieve C. is inexpensive because there is no need for safety stock C. reduces the need for quality control
If no performance is rendered at all under a contract, then the damages will be the loss of value of the promised performance
a. True b. False Indicate whether the statement is true or false
The 1990 Clean Air Act Amendments provide that EPA must establish new NAAQS for major pollutants every five years
a. True b. False Indicate whether the statement is true or false
A contract by which of the following is void?
A) A fourteen-year-old girl. B) A thirty-six-year-old man under a court-ordered guardianship for mental incompetency. C) A thirty-year-old woman who, because of intoxication, is unable to understand the nature and consequences of signing the contract. D) A twenty-five-year-old woman who is unable to understand the nature and effect of signing a contract because of a mental illness.