Does the statement "The sale of goods will not be enforceable unless there is some writing, signed by the defendant, indicating that the parties reached an agreement" accurately reflect the UCC's basic rule?
a. No. It should also state that the contract must be signed by both parties, not just the defendant.
b. No. It should state that the contract must require all of the terms of the agreement to be in writing.
c. No. It should state that the contract must be for the sale of goods of $500 or more.
d. Yes, the wording accurately reflects the UCC's basic rule.
c
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In the context of opportunity identification, briefly describe how entrepreneurs can use global trends to inform entrepreneurial efforts.
What will be an ideal response?
A(n) ________ is the total of all the elements that share some common set of characteristics
A) sample B) population C) inference D) hypothesis E) sum of the elements
Factory overhead costs may include all of the following except:
A. Indirect material costs. B. Selling costs. C. Assembly supplies. D. Indirect labor costs. E. Factory rent.
Ned sold his refrigerator to his next door neighbor, Ian. Ned fails to tell Ian he has not finished paying for the refrigerator and Neighborhood Bank has a lien on it
a. Ned has breached the warranty against infringement. b. Ned has breached the warranty of title. c. Ned has breached the warranty of merchantability. d. Ned has not breached any warranties because he did not guarantee that the refrigerator was free and clear of security liens.