A lease of a vehicle for $2,000 with an option to renew for $200 must be in
Question:
A lease of a vehicle for $2,000 with an option to renew for $200 must be in writing to be enforceable.
a. True
b. False
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
True Under UCC Article 2...View the full answer
Answered By
Sigei Kipngeno
I am a professional writer with more than 2 years of writing experience. I will always deliver a grade A paper with zero plagiarism . Thanks in advance.
4.70+
175+ Reviews
311+ Question Solved
Related Book For
Business Law And Strategy
ISBN: 9780077614683
1st Edition
Authors: Sean Melvin, David Orozco, F E Guerra Pujol
Question Posted:
Students also viewed these Social Science questions
-
As a team of executive board members, you are meeting to discuss key economic problems faced by the company and to find rational solutions. It is based on the timeless Case Study in business strategy...
-
Small, White & Marani, Gus H. Small, Jr., Atlanta, for appellant. Victoria J. Hoffman, Atlanta, for appellee. Tokai Financial Services, Inc. brought suit against Randy P. Carter for monies owed under...
-
Catamount Slate Products, Inc. and its principals the Reed family appeal from a Rutland Superior Court ruling enforcing what appellees characterize as a binding, mediated settlement agreement. The...
-
An SAT prep course claims to increase student scores by more than 60 points, on average. To test this claim, 9 students who have previously taken the SAT are randomly chosen to take the prep course....
-
Does a stock split provide an increase in wealth for a shareholder? If yes how? If no why not?
-
Marcos was appointed chair of the service committee of his college fraternity. He and Luis were the only experienced members on the committee; the other three members were new to the fraternity. His...
-
Monitoring urinary tract infections. In Quality Engineering (Vol. 25, 2013), control chart methodology was applied to monitor the time between discharges of male patients with hospital-acquired...
-
Ken Hensley Enterprises, Inc., is a small recording studio in St. Louis. Rock bands use the studio to mix high-quality demo recordings distributed to talent agents. New clients are required to pay in...
-
An auto repair shop borrowed $15,000 to be repaid by semi-annual payments over 8 years. Interest on the loan is 3% compounded semi-annually (a) What is the size of the periodic payment? (b) What is...
-
Lox, Stock and Bagel Company (LSB) is determining its cost of capital. It uses a risk free, medium term bank loan and equity financing. Part a: The current balance on the bank loan is $8,000,000. It...
-
A lease of a vehicle for $600 with an option to renew for $600 must be in writing to be enforceable. a. True b. False
-
A lessor is one who acquires the right to the possession and use of goods under a lease. a. True b. False
-
Refer to Exercise A15.5. Suppose that in addition to varying the marketing strategy, the manufacturer also decided to advertise in one of the two media that are available: television and newspapers....
-
According to a recent study, 21% of American college students graduate with no student loan debt. Suppose we obtain a random sample of 106 American college students and record whether or not they...
-
Differentiate the following with respect to x: a. y=5x+2x + x + 15 b. y=4x+3x - 4x - 10 c. y = 3Sin(5x) d. y = 3Cos(3x) e. y=10e -25x f. y = log(6x)
-
Question 2. The rate of drug destruction by the kidneys is proportional to the amount of the drug in the body. The constant of proportionality is denoted by K. At time t the quantity of the drug in...
-
5. 6. -1 (4a) U u X2 1 X2 -2 x -1 -2 12 (4b) U -2 2 Y y 16 x2 X2 3 1 (4c) U u - x 2 Y y -8 Y y -20 5 x X2 2 Find the state space models of the three systems shown in Fig. 4a, Fig. 4b, and Fig. 4c,...
-
Given the following data for Mehring Company, compute total manufacturing costs, prepare a cost of goods manufactured statement, and compute cost of goods sold. Direct materials used $230,000...
-
The "Rule of 72" suggests that an amount will double in 12 years at a 6 percent compound annual rate or double in 6 years at a 12 percent annual rate. Is this a useful rule, and is it an accurate one?
-
Cassandra Casey operates the Futuristic Antique Store. She maintains subsidiary ledgers for accounts payable and accounts receivable. She presents you with the following information for October 2019:...
-
Mabel and Marty are married filing jointly and incurred $8,900 of child care expenses in 2022 for their 6-year-old son. Mabel has earned income of $35,000. Marty is a student and attended classes for...
-
Which of the following payments does not qualify as a child care expense for pur poses of the child and dependent care credit? a. Payments to a day care center b. Payments to the taxpayers sister (21...
-
Assuming they all meet the income requirements, which of the following taxpayers qualify for the earned income credit in 2022? a. A married taxpayer that lives with their spouse and who files a...
-
Eye Deal Optometry leased vision - testing equipment from Insight Machines on January 1 , 2 0 2 4 . Insight Machines manufactured the equipment at a cost of $ 2 0 0 , 0 0 0 and lists a cash selling...
-
help! ee all photos + Add to o e D C N X Edit & Create Share Table of Contents No sales to an individual customer accounted for more than 10% of revenue during any of the last three fiscal years. Net...
-
Business law A person may have the liability of a partner even though no partnership exists True False
Study smarter with the SolutionInn App