What element of a contract refers to the parties involved being "adults of sound mind"?
A) Consideration
B) Capacity
C) Consent
D) Legality
B
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Cases of federal ________ are especially likely to arise in matters pertaining to interstate commerce, such as when a local regulation imposes a substantial burden on the flow of interstate commerce through a particular state
A) redemption B) exemption C) preemption D) redaction
One of the most important reasons for understanding the overall economy is:
A) changing economic activity will impact the current business cycle stage. B) changing economic activity will directly impact revenues. C) changing economic activity will increase profits. D) All of the above.
Fackler Company's quality cost report is to be based on the following data: Quality circles$12,000Product recalls$24,000Supplies used in testing and inspection$87,000Net cost of scrap$59,000Liability arising from defective products$38,000Re-entering data because of keying errors$65,000Debugging software errors$19,000Test and inspection of incoming materials$65,000Quality data gathering, analysis, and reporting$55,000? ?What would be the total prevention cost appearing on the quality cost report?
A. $79,000 B. $120,000 C. $99,000 D. $67,000
The insured must comply with a number of time limitations in making a claim
Indicate whether the statement is true or false