Depreciation of equipment is an example of a(n)
A) relevant cost.
B) opportunity cost.
C) sunk cost.
D) variable cost.
E) none of these.
C
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Buyer contracts to buy an automobile from seller (an individual who is not a car dealer) for
$1,000. The buyer fails to accept and pay for this car, so the seller sells it to another party for $1,200. This second sale cost the seller an extra $50 in advertising. Seller sues the buyer for damages for breach of contract. In this situation: A) Seller can collect $250. B) Seller can collect $50. C) Seller can collect $200. D) Seller collects nothing, but keeps the extra amount received. E) Seller collects nothing, but must give buyer the extra $150.
Burger World is a major fast food chain and it bought its coffee from Koffee Inc Jake is a salesman for Java Inc Lisa works for Burger World and is in charge of purchasing supplies such as coffee
Jake offers Lisa $250,000 if she will stop buying coffee from Koffee Inc and purchase coffee from Java Inc Lisa agrees and stops buying from Koffee and purchases only Java Inc coffee. Koffee Inc is very upset at losing the Burger World account as it sold over $7 million in coffee each year to Burger World. If Koffee Inc discovers this agreement between Lisa and Jake, Koffee Inc can A) do nothing as Burger World can buy products from any supplier it wants B) successfully sue Lisa for passing off C) successfully sue Burger World for misuse of confidential information D) successfully sue Lisa and Jake for intentional interference with economic relations E) successfully sue Lisa and Jake for conversion
The branch of public law that deals with the various regulatory functions and activities of agencies of the government is:
a. criminal law. b. administrative law. c. Constitutional law. d. substantive law.
Free trade areas are compatible with GATT
Indicate whether the statement is true or false