Insurance is a financial service that allows a consumer to share liability with a company.
The answer is C
Answer:
$10
Explanation:
Steve achieved a producer surplus of $10, which is commensurate with the value of the 6-pack of beer he received from his neighbor. This means he practically sold the old surfboard for $10.
L
Answer:
yes, pursuant to UCC, Section 2-201
Explanation:
Statute of frauds is a provision that requires certain transactions be in writing. This is usually based on the amount involved in the transaction.
In the given scenario according Section 2-201 of the UCC a contract that is above $500 should not be entered unless there is a written contract.
An oral contract won't suffice In this case.
Answer:
A. A performance must always sell tickets
Explanation:
The sale of tickets is the primary source of revenue for performances. This is the true measure of how well the intended audience connects with the director/producer/actors/actresses of the performance
Other sources of revenue are often used but these are secondary
