R&R, Inc entered into a contract with Scott, an agent, under the terms of which Scott would receive $20,000 if he stole trade secrets from the leading competitor of R&R. Scott performed his end of the agreement by delivering the trade secrets. If R&R now refuses to pay Scott for his services, Scott:

A) may recover based upon the express contract of the parties.
B) may recover based upon a quasi-contractual theory in order to prevent the unjust enrichment of R&R.
C) will be unable to recover, because this is an illegal contract.
D) will be able to recover based upon promissory estoppel, because he has detrimentally relied upon the promises made by R&R.


C

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A crime is an act or omission in violation of public law and punishable by the government

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Suppose the current exchange rates are 1.3215 dollars per euro, and 84.19 yen per dollar. What is

the current exchange rate between yen and euros? A) 111.257 yen per euro B) 151.696 yen per euro C) 147.571 yen per euro D) 86.356 yen per euro

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Last year, Delip Industries had (1) negative cash flow from operations, (2) a negative free cash flow, and (3) an increase in cash as reported on its balance sheet. Which of the following factors could explain this situation?

A. The company had a sharp increase in its inventories. B. The company had a sharp increase in its accrued liabilities. C. The company sold a new issue of common stock. D. The company made a large capital investment early in the year. E. The company had a sharp increase in depreciation expenses.

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