What does an organization’s vision statement have that its mission statement does not?
a. future aspirations for the organization
b. a description of what the organization does
c. a description of the organization’s target/customers
d. a mention of ethics
a. future aspirations for the organization
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When, at the time of contracting, the goods are in the hands of a third-party bailee and are covered by a document of title, the risk passes to the buyer when he or she:
A. indulges in a breach of contract. B. receives the document of title. C. acknowledges the third-party bailee's right to possession. D. takes possession of the goods.
Twenty percent of all businesses in the United States are corporations and they account for 80% of the total business dollars generated
Indicate whether the statement is true or false
Which of the following is true for goods under the purview of Article 2 of the Uniform Commercial Code?
A) Goods can be replaced by money. B) Intangible goods must be exchanged for other intangible goods. C) Goods in the contract must be movable. D) Immovable goods like real estate must have provisions of service attached to their contracts.
Exclusive dealing contracts are binding because sufficient consideration is present
a. True b. False Indicate whether the statement is true or false