A promise by one party to pay another for refraining from an act is enforceable.

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


True

Business

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Sony, Sharp, Panasonic, and other Japanese manufacturers are all experiencing declining sales of traditional electronics products, whereas Apple and Samsung have risen to prominence in the competitive landscape once dominated by the Chinese

Indicate whether the statement is true or false

Business

In order for a deed to be effective between the purchaser and the seller of real estate, the deed must:

a. be in writing and signed by both parties. b. include the actual sale price. c. be recorded pursuant to the state statute. d. be delivered to the buyer by the seller with the intent to transfer title.

Business

You just recently accepted a new job at a company on the East Coast. You will be responsible for making sure your firm's products contain labeling that meets all federal laws and regulations. Your new company makes gourmet food items. Which of the following federal regulatory agencies should you become very familiar with in order to do your job most effectively?

A. WTO B. FTC C. EPA D. SBA E. FDA

Business

The purchasers in a buyout often obtain financial and strategic assistance from a _ who, as a sponsor, usually finances the transaction with equity contributed by a number of investors and debt borrowed from several sources

a. buyout specialist. b. LBO intermediary c. finance company d. venture capital firm

Business