Which statement best expresses the meaning of expectation interest?
A) Put the parties back into the same position as if the contract had not been made.
B) Put the parties into the same position as if the contract had been performed.
C) Change the agreement to reflect the true intentions of the parties.
D) Declare the contract void from the beginning.
E) Declare the contract not binding from the time of breach.
B
You might also like to view...
The distribution of the dependent variable determines which marginal total will serve as a base for computing percentages.
Answer the following statement true (T) or false (F)
Which of the following is NOT a type of contribution as identified by the Handbook?
Do-Good Inc. is a newly formed not-for-profit organization. On January 1, 2018, its first day of operations, Do-Good purchased equipment costing $8,000. The equipment is estimated to have a useful life of 4 years, with no residual value at that time. This transaction was the only transaction that took place to date. The equipment was purchased from an unrestricted contribution of $8,000. A) Endowment. B) Unrestricted. C) Donated. D) Restricted.
The formal system of task and reporting relationships that coordinates and motivates an organization's members to achieve the company's goals is called the organizational _____.
Fill in the blank(s) with the appropriate word(s).
As a short-term credit arrangement, banks sometimes extend _____, which are guaranteed lines of credit in which the borrowing firm pays a commitment fee on the unused portions of the funds the bank has committed
a. term loans b. revolving credit agreements c. trade credits d. commercial papers