Q: Indicate whether each of the following statements is true or false.
Indicate whether each of the following statements is true or false. 11. A third-party beneficiary has a legal right to receive the benefits of a contract if it is the intent of the contract to benefit...
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Indicate whether each of the following statements is true or false. 11. A contract can be terminated in accordance with provisions in the contract itself. 12. A consumer can terminate a contract made...
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Fiscus, age 23, entered into an oral contract with Badger, a 30-year-old bricklayer, for the construction of a backyard barbecue for a fee of $300. The work was completed in two weeks, as agreed. a. I...
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Indicate whether each of the following statements is true or false. 13. A bill of sale must be prepared on a specific legal form. 14. Title is proof of ownership as shown by a bill of sale. 15. Person...
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Indicate whether each of the following statements is true or false. 11. Contracts for sale can be oral or written, express or implied. 12. A contract for sale differs from a contract to sell primarily...
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Indicate whether each of the following statements is true or false. 11. Warranties are promises or statements made by manufacturers or sellers. 12. While the law dealing with warranties is intended to...
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Indicate whether each of the following statements is true or false. 15. A general agent is a person authorized to assume complete charge of his or her principal’s business. 16. A competent party may d...
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Indicate whether each of the following statements is true or false. 8. Unethical behavior has not been a problem in society until recent times. 9. Generally, what is unethical is also illegal. 10. The...
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Indicate whether each of the following statements is true or false. 11. The great majority of small businesses in the United States are organized as limited liability companies. 12. The major disadvan...
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Indicate whether each of the following statements is true or false. 16. Persons familiar with good accounting practices recognize that assets should never exceed liabilities. 17. In most instances, wh...
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