Which of the following is true about the breach of the implied covenant of good faith and fair
dealing?
A) A liquidated damages clause is usually included in contracts where tort damages are
sought for breach of the covenant of good faith and fair dealing.
B) All states have held that a covenant of good faith and fair dealings is implied in certain
types of contracts.
C) A breach of the implied covenant of good faith and fair dealing is a tort associated with a
contract for which damages are available.
D) Specific performance is generally awarded for the tort of the implied covenant of good
faith and fair dealing.
C
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Which of the following sections of the statement of cash flows includes activities that affect net income on the income statement?
A) the financing activities section B) the operating activities section C) the investing activities section D) the non-cash investing and financing section
The Federal Trade Commission enforces laws that prevent unfair competition in business
Indicate whether the statement is true or false