1.) An incidental third party beneficiary cannot sue directly to enforce a contract obligation. True or False

2.) Assume that Glen is the latest phenom to come out of college to sign a professional baseball contract. The team that drafted him,
the Buffalo Bisons, want Glen to play for them for the next six years. This contract does not have to be in writing.
True or False

1.) An unlicensed attorney is not allowed sue to recover for the reasonable value of services rendered.

True or False

2.) An intended third party beneficiary is someone who is not a party to a contract.

True or False

3.) Restitution is an equitable remedy where a person is restored to his original position prior to loss or injury, as if a breach of contract
had not occurred.

True or False

1.) When contractual duties are delegated, the party making the delegation remains ultimately responsible for the performance of the contract.

True or False

2.) A contract agreement should have an offer or an acceptance, but not both

True or False

3.) Three parties may create a legally binding contract as long as two of them are mentally competent.

True or False

Which of the following best explains why large companies have an advantage over smaller companies? a. economies of scale make it possible to offer lower prices. b. the production possibilities frontier is wider for a larger company. c. decreasing marginal utility enables more efficient production. d. increasing the scale of production leads to a reduction in inputs.2b2t

Astock with a beta of 0.6 has an expected rate of return of 13%. if the market return this year turns out to be 10 percentage points below expectations, what is your best guess as to the rate of return on the stock? (do not round intermediate calculations. enter your answer as a percent rounded to 1 decimal place.)

During the first month of operations, martinson services, inc., completed the following transactions: jan 2 martinson services received $65,000 cash and issued common stock to the stockholders. 3 purchased supplies, $1,000, and equipment, $12,000, on account. 4 performed services for a customer and received cash, $5,500. 7 paid cash to acquire land, $39,000. 11 performed services for a customer and billed the customer, $4,100. martinson expects to collect within one month 16 paid for the equipment purchased january 3 on account. 17 paid for newspaper advertising, $600. 18 received partial payment from customer on account, $2,000. 22 paid the water and electricity bills, $430. 29 received $2,600 cash for servicing the heating unit of a customer. 31 paid employee salary, $2,900. 31 declared and paid dividends of $1,800. requirements 1. record each transaction in the journal. key each transaction by date. explanations are not required. 2. post the transactions to the t-accounts, using transaction dates as posting references. label the ending balance of each account bal, as shown in the chapter. 3. prepare the trial balance of martinson services, inc., at january 31 of the current year. 4. mark martinson, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether january was profitable (and by how much)?