A seal is a type of consideration. Is that statement true? Explain your answer.
Question:
“A seal is a type of consideration.” Is that statement true? Explain your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
The statement is not quite true A seal is not a form of consideration ...View the full answer
Answered By
Raunak Agarwal
Teaching is my hobby and now my profession. I teach students of CA and CFA(USA) in batches of 100 students and have a 5 year experience.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0133847154
5th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
Question Posted:
Students also viewed these Business questions
-
A company must decide which type of machine to buy, and how many units of that type, given the following information: Type Cost 1 ......... $ 10,000 2 ......... 14,000 Product demand and processing...
-
How does the presence of a seal affect the requirement that consideration must be present in a contract?
-
Certification refers to a process or decision that always brings a lawsuit to an end. Is that statement true? Explain your answer.
-
Suppose that In Example 18.6 the electrical firm does not have enough prior information regarding the population mean length of life to be able to assume a normal distribution for p. The firm...
-
A state imposes a sales tax of 6 percent. The state's counties are permitted to levy an additional tax of 2 percent. The state administers the tax for the counties, forwarding the proceeds to the...
-
If the cost of preferred share financing is so much greater than debt, why are such securities issued by public corporations?
-
Prepare closing entries. Requirements 1. Using the following selected accounts of A to Z Electrical, Inc., at April 30, 2010, prepare the entitys closing entries: 2. What is A to Z Electricals ending...
-
Walberg Associates, antique dealers, purchased the contents of an estate for $ 75,000. Terms of the purchase were FOB shipping point, and the cost of transporting the goods to Walberg Associates...
-
Question 2: a) Emergency Response Center (ERC) considers using motorcycles right after an earthquake in order to have an idea about the status of districts in Bakrky after the earthquake within 2...
-
A scale is constructed using the 10-kg mass, the 2-kg pan P, and the pulley and cord arrangement. Cord BCA is 2 m long. If s = 0.75 m, determine the mass D in the pan. Neglect the size of thepulley....
-
Describe the doctrine of promissory estoppel. What does it mean to say that promissory estoppel can be used to vary, but not create, contractual rights? Give examples to illustrate your answer.
-
The province intended to have a highway built in an otherwise undeveloped area. Its first step was to hire ND Lea & Associates, a firm of architects, to draft a basic plan for the project. The...
-
In the system shown below, to eliminate the effect of disturbance \(\mathrm{D}(s)\) on \(\mathrm{C}(s)\), the transfer function \(\mathrm{G}_{d}(\mathrm{~s})\) should be: (a) \(\frac{(s+10)}{10}\)...
-
Explain how the value of an embedded call option is determined.
-
What accounts are most important when forecasting a new ventures balance sheet? Which of these lend themselves to using yardsticks and which are better estimated based on fundamental analysis?
-
How is the interest rate tree rendered arbitrage-free?
-
What is the impact of greater volatility on the option-adjusted spread?
-
If the swaps curve is used as the benchmark interest rates, the optionadjusted spread for a corporate bond reflects compensation for what risks?
-
The Morgan Stanley report on eBay, dated July 23, 2015, established a one-year forward price target of $29 per share.19At the time of the report, eBays stock price was $28.45, which the report noted...
-
(a) Bright Sdn Bhd (BSB) is a tax resident manufacturing company in Johor, which involves in ceramic tiles. Currently, BSBs annual sales turnover has been forecasted to be around RM 300,000 for the...
-
Yancy rented a building to Roberts, who operated a restaurant on the first floor and converted the second floor into apartments. The lease contained a provision permitting Roberts to remove from the...
-
William D. Robinson left a will in which he gave his real estate as follows: I give all of my real estate to my wife, Lela S. Robinson, and at her death it goes to Frank M. Robinson, and at his death...
-
Sewell and Reilly owned adjoining lots. They entered into a written agreement whereby each agreed to allow the other to use the south 10 feet of his lot for alley purposes for so long as the alley...
-
Utica Manufacturing (UM) was recently acquired by MegaMachines, Inc. (MM), and organized as a separate division within the company. Most manufacturing plants at MM use an ABC system, but UM has...
-
For the base case in this section, as a percentage of sales, COGS = 70 percent, SGA = 14 percent, R&D = 2.4 percent. Depreciation, Interest expense are fixed as stated. Tax Rate is 20 percent. 1.a...
-
Crane uses the periodic inventory system. For the current month, the beginning inventory consisted of 7000 units that cost $9 each. During the month, the company made two purchases: 2800 units at $10...
Study smarter with the SolutionInn App