Which order paper when indorsed becomes a bearer paper?

In some states, the courts will examine the amount of consideration and will allow a party to avoid a contract where the consideration is so inadequate that it "shocks the conscience" of the court.

a. true b. false

A company that uses the periodic inventory provides the following information:

1. Beginning Inventory $15,000 2. Net Purchases $94,000 At the end of the period, the company does an inventory count and finds $12,000 of inventory on hand What is the amount of cost of goods sold? A) $94,000 B) $121,000 C) $97,000 D) $82,000