When a customer purchases from a particular supplier primarily because of the consistency of its product quality, the customer and supplier are most likely in a transactional relationship

Jones owns two tracts of land. One is a lakefront property. Jones sells one tract to Smith and gives Smith the right of way to cross his property to reach the lake. But for the right to cross Jones' property, there is no other way for Smith to reach the lake. Smith's right could be:

a. an easement by necessity b. an easement in gross c. created by operation of law d. all of the above

What strategies are available to shareholders to help ensure that managers are motivated to act in the interest of the shareholders rather than their own interest?

What will be an ideal response?