The sum of bonds payable and premium on bonds payable is called the carrying value of the bonds
a. True
b. False
Indicate whether the statement is true or false
True
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When deciding on distribution plans for specialty products, companies generally ensure that the items are:
a. made directly available to a consumer through a salesperson, direct mail, or direct response advertising. b. relatively inexpensive and merit little shopping effort. c. always marketed as unsought products. d. distributed to only a few stores in a geographic area.
What is the effect of one party being mistaken about the subject matter of a contract?
A) Either party can rescind the contract and/or recover damages. B) The mistaken party can rescind the contract. C) Either party can rescind the contract, and the mistaken party can recover damages. D) Either party can rescind the contract. E) Neither party can rescind the contract or recover damages.