Goods that are not both existing and identified to the contract are called future goods .

Ordinarily a principal is not made liable for any of the torts committed by:

A) a reckless employee.
B) an employee.
C) an agent.
D) an independent contractor.

Companies with a history of net operating losses are prone to issue which one of the following to raise money?

A) Debenture bonds
B) Serial bonds
C) Preferred stock
D) Notes payable

Which of the following is false regarding the statute of frauds provision relating to an interest in land?

A) The statute is intended to prevent oral claims to the existence of a contract for the sale of land.
B) The statute requires a writing as evidence of a contract to sell land.
C) A claim to an oral contract for the sale of land is not enough to prove a contract of sale existed.
D) Mortgages on land are within the statute of frauds.
E) No leases are within the statute of frauds.

According to the textbook, ethical behaviour is:

A) the same as legal behaviour in the context of business.
B) interpreted outside the legal frame of reference.
C) what is accepted as 'good' or 'right' as opposed to 'bad' or 'wrong' in the context of the governing moral code.
D) All of the options listed
E) None of the options listed

The efficiency of a government agency's internal structure depends on how incentives facing workers and agency heads are structured.