Buyer and seller enter into an agreement to sell a mobile home and lot. Before the deed can be
signed, the mobile home is destroyed by a tornado.
Which of the following doctrines would
most likely allow the buyer to avoid his contractual obligations?
A) Frustration of purpose B) Impossibility
C) Failure of a condition precedent D) Commercial impracticality
B
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When Chevrolet marketed its products as being as American as apple pie and hot dogs, the approach was product class positioning
Indicate whether the statement is true or false
Which of these would be considered Property, Plant, and Equipment?
a. Trademark b. Office Building c. Factory Building d. Goodwill
Karl Mathers set up a new company and obtained loans to buy inventory with the intention of filing for bankruptcy after 2 years and selling the inventory later to a close friend at deep discounts. What is the term for this type of bankruptcy fraud?
a. Commercial loan fraud b. Inventory dumping fraud c. Bust-out d. None of the above
When negotiators employ win-lose strategies and tactics in a zero-sum situation, this approach to negation is called ________ bargaining.
Fill in the blank(s) with the appropriate word(s).