A tenant negotialtes a monthly lease which does not require a termination notice. What type of leasehold estate would this be?

One criticism not normally aimed at a balance sheet prepared using current accounting and reporting standards is

a. failure to reflect current value information. b. the extensive use of separate classifications. c. an extensive use of estimates. d. failure to include items of financial value that cannot be recorded objectively.

Which of the following statements is true about contracts on the sale of goods?

A) The substantial performance doctrine is applied to the international sale of goods. B) The buyer must generally give notice to the seller of any defect in the goods and then allow the seller a reasonable time to cure the defect. C) If the goods or tender of delivery fail to conform to the contract in any respect, the buyer cannot accept or reject any number of units he chooses to. D) According to the United Nations Convention on the International Sale of Goods (CISG), the failure to deliver goods is sufficient to show an exception to the perfect tender rule.