Maya's motorcycle is damaged in an accident caused by Luc's negligence. Luc agrees to pay Maya $25,000 if she agrees to release him from further liability. Maya agrees. If her damages ultimately exceed $25,000, she can
A) recover the balance for lack of consideration
B) recover the balance because the consideration was past.
C) recover the balance due to unforeseen events.
D) ?not recover the balance.
D
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When companies team up and promote two or more items this is called product complementary
Indicate whether the statement is true or false
Recently, companies have been ordered by governmental agencies to clean up environmental damages caused by business operations. How should costs incurred in these situations be treated?
a. If a legal obligation exists, the cost of restoring the property must be added to the asset account. b. As an expense entirely in one accounting period. c. As an amortized expense in the period the cost is incurred. d. Added to the asset, and then depreciated over 15 years.
Bayes' theorem enables us to calculate the probability that one event takes place knowing that a second event has or has not taken place
Indicate whether the statement is true or false
The use of simulations in competitive situations is called
A) Monte Carlo simulation. B) systems simulation. C) operational gaming. D) virtual reality. E) None of the above