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Don't copy previous Chegg answer Identifying the Validity of a Contract s Features Required The following 6 items are from separate contractual agreements. Indicate which
Don't copy previous Chegg answer
Identifying the Validity of a Contracts Features
Required
The following items are from separate contractual agreements. Indicate which of the following requirements of a valid contract is primarily addressed in each of the items: commercial substance, approval, identifiable rights and obligations, identifiable payment terms, and probable collection.
a A contract for the sale of packaging to a manufacturer over a threeyear period allows for the price of the packaging to increase with changes in the Consumer Price Index to be determined at the end of each year
b The amount of a sellers future cash inflows are expected to change by $ as result of a contract.
c A customer is negotiating a contract with its supplier for specialized equipment. The specifications of the equipment have been determined as well as the price. The date and means of delivery are still under negotiation.
d A wholesaler sells electronics to a retailer in January. Due to the slow payment for a previous order, the wholesaler requested a deposit upfront for the purchase. The wholesaler expects the remaining payment to be collected.
e A customer purchases dog food at a retailer for cash of $ through a selfservice, automated checkout register. The customer did not sign a written agreement to purchase the item or verbally agree to purchase the item.
f A hospital treats an uninsured patient for emergency services. The amount billed to the patient for services was $ but the average collection amount from an uninsured patient is approximately of billed services.
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