DB offered to sell a cap for $10 . Dan asked if she would give him 2 hours to think about it. She said, "Sure.". Dan checked eBay, learned the hat was worth $100, but before he could call to accept the offer, she revoked it
a. There is a contract for the sale of the hat if the 2-hour period had not expired, because she promised to keep the offer open.
b. There is a contract for the sale of the hat, but only if the offer was in writing.
c. There is a contract because of the option.
d. There is no contract because DB revoked the offer prior to acceptance and there was no consideration for her promise to keep it open.
d
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a. Identifying global customers b. Legal and political issues c. Domestic competitors and the economic climate d. Labor, facilities, and infrastructure support
Which of the following is not a typical reason for unethical behavior?
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If a project's net present value (NPV) is positive,:
A. Its internal rate of return is less than the firm's expected rate of return. B. It must have multiple internal rates of return. C. Its terminal value is less than the future value of the initial investment in the project. D. Its initial investment is recovered on a present value basis prior to the end of the project's useful life. E. The present value of the project's cash inflows and the present value of its cash outflows are equal when they are discounted at the firm's required rate of return.
Under the doctrine of promissory estoppel, a promise will not be enforced unless it is supported by consideration
Indicate whether the statement is true or false