Every contract has both:
A) An offeror and offeree.
B) A breaching party and a nonbreaching party.
C) An initiator and a responder.
D) A buyer and seller.
A
You might also like to view...
Journalize the following purchase transactions for ABC Swimming Pool Supply Company using the periodic inventory system. Explanations are not required
May 2 Purchased $5,280 of merchandise inventory on account under terms 3/10, n/30 and FOB shipping point. May 6 Returned $675 of defective merchandise purchased on May 2. May 8 Paid freight bill of $120 on May 2 purchase. May 12 Paid amount owed on credit purchase on May 2. What will be an ideal response
For 2016, Val and Pat White, both age 30, filed a joint return. Val earned $45,000 in wages and was covered by his employer's qualified pension plan. Pat was unemployed and received $6,000 in alimony payments for the first 4 months of the year before remarrying. The couple had no other income. Each contributed $5,500 to an IRA account. The allowable IRA deduction on their 2016 joint tax return is
a) $5,750 b) $5,500 c) $11,000 d) $0