Apex University (AU) offers classes online. AU asks each student enrolling online to agree to submit any dispute to arbitration and to indicate assent by clicking a box. AU claims that it is the cheapest undergraduate program in the United States. Beth enrolls in the program but later charges AU with fraud based on its "cheapest" claim. Beth could pursue her claim
a. in a court.
b. in an arbitration proceeding.
c. nowhere.
d. anywhere.
b
Business
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Indicate whether the statement is true or false a. True b. False
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London Company paid Frankfurt Company for merchandise with a $3,200, 90-day, 8% note dated May 10. If London Company pays the note at maturity, what entry should be made at that time?
A. Notes Payable 3,264 Interest Payable 64 Cash 3,200 B. Cash 3,264 Notes Payable 64 Interest Payable 3,200 C. Notes Payable 3,200 Interest Expense 64 Cash 3,264 D. Notes Payable 3,200 Interest Expense 64 Cash 3,136 E. None
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