Alice says to Brian, "If I decide to buy a word processor next year, I will buy it from you." This is an example of:
a. an illusory promise.
b. past consideration.
c. the pre-existing duty rule.
d. good consideration.
a
You might also like to view...
A certain court receives an appeal by parties dissatisfied with the decision of a trial court. However, neither does it hear any witnesses nor does it review new facts about the case. The court discussed in the example is a(n) ________.
A. justice of peace court B. appellate court C. inferior court D. municipal court
Westin Delivery Service Company owns a delivery truck. Which of the following costs, associated with the truck, will be treated as a revenue expenditure?
A) oil change and lubrication B) major engine overhaul C) modification for new use D) addition to storage capacity
Design capacity is ______.
A. the maximum rate of output achieved by an operation, a process, or a manufacturing or service facility that is producing under ideal conditions B. the capacity that can be achieved given the actual changes in product mix, machines and equipment that require periodic maintenance, scheduling changes, and workers who take time off for lunch, absences, and other needs C. less than effective capacity D. dependent on the company’s market share
Increases in income taxes reduce a firm's operating income.
Answer the following statement true (T) or false (F)