An advantage of buying a franchise is that it already has many of the requirements for success.
Answer the following statement true (T) or false (F)
True
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A firm is evaluating a project that has a net present value of $0 when a discount rate of 6% is used. A discount rate of 8% will result in negative net present value
Indicate whether the statement is true or false
What is price-fixing?
What will be an ideal response?
The Grand Performance Hall is in the process of remodeling and is scheduled to open for business after being closed for 50 years. As part of the remodeling, it is installing a new sound system. The sound system is to be installed by Sound Systems, Inc on or before April 10 . Opening night of the hall is May 1 . The contract states that "time is of the essence" because of the opening-night
deadline. Sound Systems has some financial difficulties and doesn't deliver the system until April 20 . Grand Hall refuses to accept it, and Sound Systems sues. What will be the result? a. Grand Hall wins; the contract date was strictly enforceable. b. Sound Systems wins; the contract was substantially performed. c. Grand Hall wins; there was commercial frustration. d. Sound Systems wins; there was a true impossibility.
Jack and Kyra are partners in Law Firm, LLP, a limited liability partnership. Jack supervises Kyra, who negligently fails to appear in court on behalf of Milo, a client. Liability to Milo rests with
A. Jack and Kyra. B. Jack only. C. Kyra only. D. neither Jack nor Kyra.