The ending balance in the Work in Process Inventory account is supported by individual Overhead account balances
Indicate whether the statement is true or false
F
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In Works v. Works, what was the result where one party was mistaken about something significant in the contract?
A) The Court will exercise its discretion to set aside the contract only if satisfied that it would be unfair or unjust to enforce it. B) The Court will automatically set aside the contract on the basis of the doctrine of mistake. C) The Court will only set aside the contract if the mistake renders the contract illegal. D) The Court will never set aside a contract where a mistake has been made. E) The Court will exercise its discretion to set aside the contract only if satisfied the mistake was the result of willful blindness.
Companies that manufacture products according to government specifications are not liable if such products cause injury because ________
A) the companies have government contractor defense B) the use of these products entails generally known dangers C) these products are abnormally misused D) people assume the risk when using these products