A. Earl and Bev enter into a contract. What are the ways in which only one party (for example, Earl) can be discharged from performance? b. What are the ways in which both parties can be discharged from performance?
a.
Earl is discharged if: he fully performs; Bev materially breaches; there is an anticipatory repudiation by Bev; Bev materially alters the contract; Earl and Bev agree to substitute a third party for Earl; or Earl is discharged in bankruptcy.
?
b. Both Earl and Bev are discharged if: there is the failure of a condition; there is a mutual rescission of the contract; Earl and Bev make a substituted contract; there is a reaching of an accord and satisfaction; there is subsequent illegality of the contract; or the contract becomes impossible to perform.
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Spears Co. had net sales of $48,404 million. Its average total assets for the period were $15,802 million. Spears' total asset turnover equals:
A. 4.84. B. 0.33. C. 3.06. D. 0.48. E. 1.58.
Managers must commit to a ________ use of the balanced scorecard if they expect sustained performance.
A. long-term B. interim C. rapid D. short-term
Ollie files a petition in bankruptcy. At the moment of filing
A. an automatic stay goes into effect. B. Ollie's debts are discharged. C. Ollie's petition is dismissed. D. Ollie's property is distributed to Ollie's creditors.
______ is information that the law presumes everyone knows by virtue of the fact that it is filed or recorded on the public record
A) Instructive notice B) Model notice C) Constructive notice D)Sample notice