Question: 5. Read the three statements below: a) Performance must be objectively possible during the conclusion of a contract. b) A contract is unlawful when the

5. Read the three statements below: a)

5. Read the three statements below: a) Performance must be objectively possible during the conclusion of a contract. b) A contract is unlawful when the performance to be rendered is forbidden by law. c) A contract to commit a crime, e.g fraud, would be void (not valid). Which of the above statements is/are correct? [1] a and b [2] band c [3] a, b and c [4] a and c [5] None of the options (1, 2, 3 or 4) is correct 6. Read the following 3 statements: a) Inventory that is in transit between the manufacturer and the customer is known as work-in- progress (WIP). b) Holding cost is one of the types of costs related to keeping inventory. c) The A-B-C inventory classification system is based on the Pareto principle. Which of the above statements is/are correct? [1] band c [2] a ando [3] a and b [4] a, b and c [5] None of the options (1, 2, 3, or 4) is correct

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

12 persona property 1.Explain the six different categories of property. 2.For a gift to qualify as a personal property, provide the three elements that need to be proven 3.Compare and contrast...

TELUS has a unique accounting policy for dealing with revenues in non-high serving areas. Review the accounting policy note as well as for details. Explain the business reason for the transaction and...

Chapter One: Valuing Diversity R The wise are as rare as eagles that fly high in the sky. Bantu proverb Managing Workplace Diversity I Chapter One: Valuing Diversity VALUING DIVERSITY Chapter...

ACC/291 Principles of Accounting II - Discussion Questions [This isn't an essay] Discussion on this Learning Activity: Week 2 Electronic Reserve Readings Wk2 DQ#6 - Liability Why is the definition of...

Hello, Would you please review the attached assignment? I know I have errors in and this assignment carries into the rest of the course so I need to get it corrected to move forward. I have attached...

"PCAOB Inspection Reports for KPMG" is an excellent topic. Summarize 3 reports - 2010, 2012 & 2014.At least 6 references are needed - 3 academic & 3 practitioner (short articles).Please follow the...

LST2BSL Introduction to Business Law and Ethics Common Law Assignment INSTRUCTIONS 1. This assignment is worth 20% of your final mark for this subject. 2. All questions must be answered. 3. With...

CHAPTER ONE INTRODUCTION 1.1 Background to the Study Auditors are the third pair of eyes for people who use financial statements ( Uzuh,2008). The audit provides users of the financial statements...

Write a program that creates an image of blue and white vertical stripes. Your program should ask the user for the size of your image, the name of the output file, and create a .png file of stripes....

Why did the default-risk premium increase during 20072009. How did that increase affect interest rates?

3 The additional cost incurred as the cost driver increases by one unit is: Multiple Choice 8 0 1 : 2 2 0 0 Average cost Controllable cost Varlable cost. Unit cost. Fixed Cost.

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...