Answer:
The answer is Sale of building and the sale of the intellectual property.
Explanation:
The Statute of Frauds requires that certain type of contract are mandatorily entered into between individuals in writing, especially property related contracts and . This legal concept excludes goods sold for value less than $500.
In this case, Jack, Hal and Sophia have agreed orally to enter into three separate contracts. One for the sale of intellectual property of the restaurant for $1,000,000/-. Second for the sale of restaurant building for $250,000/-, Since these are contracts involving substantial amounts and are long term in nature, it is mandated under the US laws that such contracts are in writing and shall not be orally binding.
But the their contract is for the sale of the sign that was outside the restaurant for $400. Since the value of the transaction is less than $500/-, it is ok if this contract is entered into between he three orally. Hence the statute of frauds principle is violated only under the 1st and 2nd contracts as the values are substantial and to eliminate any dispute arising in the contract in the future, the contracts are entered into between the parties in writing.
Answer:
A : the FTC
Explanation:
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Answer:
True
Explanation:
Altruistic Corporate Social Responsibility is a philanthropic approach of the company which undermines the interests of the shareholders because such programs are not approved by the shareholders. This clash between the interests of shareholders and the society is the argue that critics quote to protect the shareholders rights.
Answer:
Preferred stock for $756000 and Paid-in Capital in Excess of Par Value - Preferred Stock for $196000
Explanation:
Given number of shares = 14000
Par value of share = $54
Issued for cash = $68 per share
The cash debit amount = $952000
Preferred stock for $756000 and Paid-in Capital in Excess of Par Value - Preferred Stock for $196000
Cash (14000*68) Dr. 952000
Preferred Stock (14000*54) Cr. 756000
Paid in Capital in Par Value - Preferred Stock (14000*14) Cr. 196000
Answer:
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