A baseball team ordered 500 wooden baseball bats from Bats, Inc, for delivery on June 1. On May 15, the ball team received 500 aluminum bats instead of the wooden ones. As of May 16, Bats, Inc
A) may cure before June 1
B) has breached the contract and is liable for damages.
C) has breached the contract only if the baseball team rejects the goods.
D) may cure if the baseball team gives Bats, Inc. permission to do so.
A
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A company with working capital of $500,000 and a current ratio of 2.5 pays a $85,000 short-term liability. The amount of working capital immediately after payment is
A) $585,000 B) $415,000 C) $500,000 D) $85,000
The fraudulent conversion of property which is already in the defendant's possession is
a. money laundering. b. exclusion. c. embezzlement. d. trespassory taking.
Which legislative act, passed by the U.S. Congress in 1977, prohibits U.S. firms from paying bribes to foreign officials?
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