Able made an offer to purchase a parcel of real property. He died before the listing broker could notify him of an unqualified acceptance by the seller. Which of the following is true?
a. the contract would survive Ables death.
b. the contract would survive Ables death, if the heirs are willing to continue with the contract.
c. the death of Able constituted a revocation of the offer.
d. Ables death would revoke the offer, only if the seller agrees.
Answer: c. the death of Able constituted a revocation of the offer.
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Which of the following is the major reason for increased immigration of foreign-born workers to the United States?
A) Non-availability of qualified U.S. technical workers B) Governmental support for immigration C) Stringent regulations against undocumented immigration D) Increased supply in the US labor market E) Lack of technological advancements
At the end of the year, Beta, Inc. has an unadjusted debit balance in the Manufacturing Overhead account of $4,000. The adjusting journal entry needed to adjust the balance to zero will include a ________
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