Refer to Table 5-1. At 300 units of production, the Steel Shelf Company
A) earns $2,000. B) loses $1,000. C) earns $1,000. D) loses $2,000.
D
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Which of the following statements is true about "time is of the essence" clauses in contracts?
a. These clauses are unenforceable because they violate public policy. b. These clauses are examples of express conditions precedent. c. These clauses are examples of constructive conditions subsequent. d. These clauses are substitutes for tender of performance.
A licensee who draws an earnest money contract instead of using a form promulgated for a specific purpose
A) will have the licensee's license revoked or suspended. B) may do so provided proper disclosure is made to all parties. C) may have the licensee's license revoked or suspended. D) is acting in the best interest of the seller if no commission is charged.