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Martin made an oral contract with Cresheim Garage to work as its manager for two years. Cresheim wrote Martin a letter stating that the oral contract had been made and setting forth all of its terms. Cresheim later refused to recognize the contract. Martin sued Cresheim for breach of the contract and offered Cresheim's letter in evidence as proof of the contract. Cresheim claimed that the oral contract was not binding because the contract was not in writing and the letter referring to the contract was not a contract but only a letter. Was the contract binding?
Lone Star Life Insurance Co. agreed to make a long-term loan to Five Forty Three Land, Inc., whenever that corporation requested one. Five Forty Three wanted this loan to pay off its short-term debts. The loan was never made, as it was never requested by Five Forty Three, which owed the Exchange Bank & Trust Co. on a short-term debt. Exchange Bank then sued Lone Star for breach of its promise on the theory that the Exchange Bank was a third-party beneficiary of the contract to make the loan. Was the Exchange Bank correct?
a company had the following results last year sales 700000 return on investment 28 and margin 8. the average operating
complete the following exercise and provide a recommendation for each of the four scenarios presented. there is often
Identifying variable costs - committed fixed costs and discretionary fixed costs - Advertising in a national magazine for teenage girls.
karas gas corporation is a successful oil and gas exploration business in the southwestern united states. at the
Waco keeps 10% of the next months sales as ending inventory. How many units should Waco produce during June?
What is the inventory turnover for 2014?
the work sheet at the end of july has 5950 in the balance sheet credit column for accumulated depreciation. the work
boyles home center a retailing company has two departments bath and kitchen. the companys most recent monthly
What is the present value on January 1, 2001, of the gain or loss to shareholders as a result of the anticipated rate of inflation being 6 percent and the actual rate being 9 percent?
both the reported value of longt-term and periodic interest charges should be based on unamortized issue price plus or
lifo versus fifo-impact on roi. natco inc. uses the fifo inventory cost-flow assumption. in a year of rising costs and
jessica nekton received 150000 from her mothers estate. she placed the funds into the hands of a broker who purchased
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