The _____ clause of a contract stipulates whether either party has the ability to terminate the contract at any time, and how much advance notice must be given

a. effective date and termination
b. payment
c. third-party rights
d. most favored customer
e. force majeure

a

Business

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Bonds issued at par - basic concepts On March 1, Year 1, Hubbard Co. issued at a price of 100 $20 million of 8%, 25-year bonds payable. Interest is payable semiannually each March 1 and September 1

a) What is the amount of cash paid to bondholders for interest during Year 1? $________________ (b) Give the adjusting entry necessary at December 31, year 1 (if any), regarding this bond issue. (c) Interest expense on this bond issue reported in Hubbard's Year 1 income statement is: $________________ (d) With respect to this bond issue, Hubbard's balance sheet at December 31, Year 1, includes bonds payable of $________________ and interest payable of $_______________. (Indicate $0 or "none" if the item is not reported.) (e) Give the journal entry made by Hubbard on March 1, Year 2, to record the semiannual payment of interest to bondholders. What will be an ideal response?

Business

Which of the following is not true of the various aspects of the Federal Labor Relations Authority (FLRA) with regard to representation of bargaining units? A) ?It is empowered to determine the appropriateness of a representation unit of federal employees

B) It undermines the FSLMRA in determining the bargaining unit.? C) It ensures a clear and identifiable community of interest among the employees.? D) It can determine the appropriateness of a unit on various bases.

Business