Courts will try to interpret contracts primarily based on:
A. what relatives of the principals say took place
B. market conditions in existence at the time the contract was entered into
C. the intent of the parties
D. the agent's representations to the principals
Answer: C. the intent of the parties
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When British entrepreneur Richard Branson established the first Virgin Megastore in Japan, he established a joint venture with the Marui retailing chain. Judging by the approach Branson used, he and his management team must have viewed Japan as:
A) culturally close and easy to enter. B) culturally distant and easy to enter. C) culturally close and difficult to enter. D) culturally distant and difficult to enter. E) culturally difficult and easy to enter.
Job order costing cannot be used for a service company
Indicate whether the statement is true or false.