A fee simple defeasible grants the owner all the incidents of a fee simple absolute

Indicate whether the statement is true or false


F

Business

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The periodicity assumption recognizes that

A) the company may continue indefinitely. B) all financial statements should cover a fiscal year. C) some items reported in net income are estimates. D) the value of an asset may vary from month to month.

Business

Venture Capital Corporation loans Wally $15,000 to start a new business. Wally does not pay, but Venture fails to sue within the time prescribed by the applicable statute of limitations. Wally's promise to pay the debt even though recovery is barred

A. needs new consideration. B. needs no consideration. C. is unenforceable regardless of any consideration. D. needs legally sufficient and adequate consideration.

Business

Cross-functional links rarely affect strategy planning.

Answer the following statement true (T) or false (F)

Business

Stickiness means that a Web site will continue to create pop-up windows when the pages are closed by the user

Indicate whether the statement is true or false

Business