The termination of an agency contract in violation of the terms of the agency contract is referred to as ________.
A. termination by an unusual change in circumstances
B. termination by impossibility of performance
C. termination by operation of law
D. wrongful termination
Answer: D
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The four principal types of corruption include all of the following except
a. bribery b. skimming c. conflict of interest d. economic extortion
Strikers, Inc. sells soccer goals to customers over the Internet. History has shown that 2% of Strikers' goals will need repair under the warranty program. For the year, Strikers has sold 4,000 goals and 45 have been repaired. If the estimated cost to repair a goal is $200, what would be the warranty expense for the year?
A. $0. B. $7,000. C. $9,000. D. $16,000.
Using the Indirect Method For the following question(s), indicate how each transaction described would be classified on a statement of cash flows if the operating activities section is prepared under the indirect method. When using the indirect method, where is the receipt of cash from the sale of long-term investments treated on the statement of cash flows?
A) Operating activity B) Investing activity C) Financing activity D) Noncash investing or financing activity
The option to abandon a project is a real option, but a call option on a stock is not a real option.
Answer the following statement true (T) or false (F)