The primary reason for offering customers credit is to
A) increase the predictability of cash flows.
B) stimulate sales.
C) smooth billing cycles.
D) reduce the risk of nonpayment.
E) speed cash flows.
B
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Desmond owns a 30 acre tract of land along a major river that he plans to build a river front community on. However, just before he applies for his building permit, Desmond learns that the zoning has changed to prohibit residential development. Desmond will likely
a. receive compensation is he sues on the theory of inverse condemnation b. receive no compensation because the regulation is not pervasive c. receive just compensation following condemnation d receive compensation only of the zoning change is for public purpose
If an offeree gives a rejection to the offeror, which of the following is true at this point?
A) The offeree has made a counteroffer. B) The offeree is still able to accept the original offer until its original expiration time. C) The offeree has lost the ability to accept the original offer. D) The offeree can now transfer the rejected offer to a different party who becomes the new offeree. E) The offeree cannot later enter into a contract on the terms of the rejected offer.