Claymore Corp

question 141

Multiple Choice

Claymore Corp.has the following information about its standards and production activity for September.The controllable variance is:

• A)$1,295U.
• B)$1,295F.
• C)$2,400U.
• D)$2,400F.
• E)$3,695U.

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Definitions:

Genuine Assent

The agreement to enter into a contract based on a clear understanding of its terms, without any duress, fraud, or undue influence.

Undue Influence

An improper or wrongful pressure exerted on a person, resulting in the person acting against their free will or in a manner not reflective of their intent.

Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that party into a contract.

Rejection

The refusal to accept an offer or proposal, in the context of contracts, it is the refusal to agree to the terms.