Consequential damages are unforeseeable damages
Indicate whether the statement is true or false
FALSE
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Baby boomers:
a. spend less money than any other cohort. b. spend more on food than any other population group. c. have many health care expenses. d. are not open to new brands.
Partners are not required to participate in winding up the partnership
a. True b. False Indicate whether the statement is true or false
Which of the following is true of warranty liability as it affects negotiable instruments?
a. Warranty liability applies to any persons who transfer an instrument and receive consideration. b. A drawee of an unaccepted draft who pays in good faith receives a presentment warranty from the person obtaining payment and from all prior transferors of the draft. c. A drawee who accepts an instrument in good faith receives a presentment warranty from the person obtaining acceptance that the draft has not been altered. d. All of these. e. None of these.
Using the percent of sales method, projected common stock on the 2010 pro forma balance sheet is
equal to (Common Stock 2009/Sales 2009 ) times Projected Sales 2010. Indicate whether the statement is true or false