In which of the following cases will an oral contract for the sale of goods of $750 be enforceable without a writing?
a. The goods are to be specially manufactured for the buyer and the seller has made a substantial beginning of their manufacture.
b. A party admits in an answer to a complaint in a lawsuit that the contract was made.
c. Delivery and acceptance of the goods has been made.
d. All of the above.
d
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Pocono Co purchased a patent at the beginning of 2016 for $490,000 Economic benefits were expected for 7 years, but the patent's legal life was 20 years. Also during 2016, the company incurred research and development costs of $150,000 . Patent amortization expense for 2016 is
a. $24,500 b. $150,000 c. $72,143 d. $70,000
Consumers who create consumer-generated content for the fun and challenge of it rather than for pay are referred to as ________
A) microcelebrities B) amafessionals C) folksonomists D) open sourcers E) instapreneurs
The act of negotiating contract terms between an employer and the members of a union is known as ________
A) mediation B) arbitration C) collective bargaining D) enterprise bargaining
Persuasion is traditionally a ______ process.
a. step-by-step process b. one-step process c. two-step process d. continuous flux