Jared threatens to hit Kingston on the head with a golf club unless Kingston signs a contract agreeing to pay Jared $900 for a wristwatch. If, because of the threat, Kingston signs the contract:
A) the contract is voidable at Kingston's option.
B) Jared has committed physical duress against Kingston.
C) this is an example of economic duress.
D) All of these.
B
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On July 1, 2016, Falcon Company received a $20,000 promissory note for services from Jordyn Company. The annual interest rate is 5%. Principal and interest are paid in cash at the maturity date of June 30, 2017. The effect on Falcon's financial statements on July 1, 2016 is as follows
a. Assets increase; owners' equity increases b. Assets decrease and owners' equity decreases c. Assets decrease d. No net change in assets
U.S. GAAP explicitly defines _____ of an asset as "the price that would be received to sell an asset [or paid to transfer a liability] in an orderly transaction between market participants at the measurement date.". Thus, U.S. GAAP defines it as an exit value, namely, the amount the firm would receive if it sold an asset in an orderly, arm's-length transaction at the measurement date
a. Current Replacement Cost b. Net Realizable Value c. Fair Value d. Present Value of Future Net Cash Flows e. Acquisition cost
Specifying constraints, identifying data needed for marketing actions, and determining how to collect data would take place during which step of the five-step marketing research approach?
A. define the problem B. collect relevant information C. develop the research plan D. take marketing actions E. develop findings
RTS frames tell other wireless clients that you want to transmit for a given amount of time
Indicate whether the statement is true or false.