Components or parts of finished products are referred to as
A) upstream materials.
B) raw materials.
C) secondary products.
D) intermediate products.
E) mid-chain products.
D
Business
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Agency relationships may not be solely created by:
a. voluntary offer by the agent. b. ratification. c. implied contract. d. necessity or emergency.
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Which of the following is true of a minor's duty toward a contract for necessaries of life?
A) Minors need to reach the age of majority to enter into contracts for necessaries of life. B) Minors are exempt from paying for contracts for necessaries of life. C) Minors must pay the reasonable value of necessaries of life for which they contract. D) Parents are liable to provide necessaries of life to their minor children if they become emancipated.
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