MS
Michael Schneider
Answers (5)
MS
Answered
Describe the test most states follow regarding the capacity of intoxicated persons to enter into contracts.
On Jun 28, 2024
Most states follow the Restatement of Contracts,Section 16,which provides that contracts of an intoxicated person are voidable if the other party had reason to know that because of the intoxicated person's condition,that person was unable to understand the nature and consequences of the transaction or was unable to act in a reasonable manner in relation to the transaction.If the intoxication merely causes someone to exercise poor judgment,the person's capacity to enter into a legally binding contract is not affected.
MS
Answered
The cost of capital can be described best as the:
A) rate a firm pays for the use of invested funds.
B) the minimum return required of capital budgeting projects that are about as risky as the firm.
C) Either of the above
D) None of the above
A) rate a firm pays for the use of invested funds.
B) the minimum return required of capital budgeting projects that are about as risky as the firm.
C) Either of the above
D) None of the above
On Jun 28, 2024
C
MS
Answered
An instructor who teaches part-time is often called a(n)
A) counselor.
B) tutor.
C) adjunct.
D) academic adviser.
A) counselor.
B) tutor.
C) adjunct.
D) academic adviser.
On Jun 25, 2024
C
MS
Answered
When referring to a note receivable or promissory note,
A) the maker is the party to whom the money is due
B) the note is not considered a formal credit instrument
C) the note cannot be factored to another party
D) the note may be used to settle an accounts receivable
A) the maker is the party to whom the money is due
B) the note is not considered a formal credit instrument
C) the note cannot be factored to another party
D) the note may be used to settle an accounts receivable
On May 29, 2024
D
MS
Answered
Why are joint costs never relevant in deciding whether to sell a product at split-off or process it further?
A) Because they are sunk costs
B) Because they are the same under both alternatives
C) Because they have already been allocated to joint products
D) Because they are sunk costs AND because they are the same under both alternatives
A) Because they are sunk costs
B) Because they are the same under both alternatives
C) Because they have already been allocated to joint products
D) Because they are sunk costs AND because they are the same under both alternatives
On May 26, 2024
D