Recycle Packaging, Inc., agrees to sell 50,000 6-ounce yogurt containers to Organic Dairy Company. Recycle can obtain only 20,000 of the 6-ounce containers, but also ships 30,000 more expensive 8-ounce containers for the same price. Organic rejects the 8-ounce containers. With time for performance not yet expired, Recycle can
A. attempt to cure the defect.
B. cancel the contract.
C. recover the purchase price plus incidental damages.
D. resell or dispose of the goods and hold Organic liable for any loss.
Answer: A
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____ is the model that requires a manager to assess her own leadership orientation and the level of her situational control.
A. LMX model of leadership B. Shared leadership model C. Fiedler's contingency model D. House's path-goal theory E. Charismatic leadership theory
A motion to dismiss made by a defendant is granted when:
A. it is clear that the plaintiff does not have a case, and it would be wasteful to continue. B. either party feels that the judge is not impartial. C. people or groups other than the parties involved are interested in the outcome of a certain appeal. D. the defendant is scared of losing the case.
In the digital age, businesses have moved toward stricter corporate hierarchies and clearer lines of authority
Indicate whether the statement is true or false
Lamont is a 100 percent owner of JKL Corporation. JKL has been an S corporation since its inception in 2019. During 2020, JKL distributed $20,000 to Lamont. During 2020, JKL reported $5,000 of business income and no separately stated items. What is the amount and character of the gain on the distribution, if any, that Lamont must recognize in each of the following alternative scenarios? Also, what is Lamont's stock basis at the end of 2020 in each of the following scenarios?a. Lamont's stock basis at the beginning of 2020 was $30,000.b. Lamont's stock basis at the beginning of 2020 was $4,000.
What will be an ideal response?