Martha conveyed her lakefront property to her daughter, Ellen, for life and then to Ellen's children, but if Ellen had no children, to Mark. Mark has a contingent remainder
Indicate whether the statement is true or false
True
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Which of the following methods of determining the optimal sales force size is more difficult to implement because it is difficult to know what the "marginal" salesperson can generate in sales?
A) marginal breakdown method B) marginal workload method C) marginal economic method D) marginal breakout method
In which of the following cases is a buyer in breach of a sales contract?
A) if the buyer refuses to accept nonconforming goods B) if the buyer accepts nonconforming goods C) if the buyer refuses to accept conforming goods D) if the buyer asks replacements for defective goods
When parties anticipate than various unexpected events may occur and they allocate who shall bear the risk if any of these unexpected events occurs, the contract will include
A) an implied term B) an entire agreement clause C) a force majeure clause D) a warranty E) a fundamental breach clause
Identify the balance sheet classification of each of the following assets by placing an X in the correct classification: Plant Assets, Natural Resources, or Intangibles.?Plant assetsNatural ResourcesIntangible Assetsa.Trademark???b.Oil field???c.Gold mine???d.Building???e.Franchise???f.Timberland???g.Patent???h.Land???i.Copyright???j.Leasehold???
What will be an ideal response?