A land contract is a

a. unilateral contract.
b. bilateral contract.
c. executory contract.
d. parol contract.

bilateral contract

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Budgeted purchases of direct materials is determined by adding direct materials needed for production to the desired direct materials in ending inventory

Indicate whether the statement is true or false

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Rick purchased an annuity, making a single lump-sum payment on September 1. His benefits began on October 1 . What kind of annuity did Rick buy?

A) Secondary B) Immediate C) Deferred D) Continual

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