Examlex
Wildland Amusements has just received an offer to install video games in the cafeterias of local high schools and split the revenues with the school system.This promises to be a very lucrative contract,and Wildland has 30 days within which to accept the offer.Wildland purchases a number of video games to place in the schools.Within the 30 days and on the day before Wildland plans to send its written acceptance to the School Board,the local city council passes an ordinance outlawing all video games in schools.Can Wildland recover damages from the school?
Income Summary Account
An income summary account is an account used in the closing process that temporarily holds the balances of all income and expense accounts before transferring the net result to capital or retained earnings.
Net Loss
The amount by which company expenses exceed its revenues over a specified period, indicating a loss in financial performance.
Post-Closing Trial Balance
A list of all accounts still open after closing entries are made, used to ensure that debits equal credits.
Capital
The wealth in the form of money or other assets owned by a person or organization, or available for a purpose such as starting a company or investing.
Q14: If a contract is silent about assignment
Q20: Seller and Buyer negotiate for the sale
Q26: Strict liability is liability without fault.
Q33: Punitive damages are always available for breach
Q37: In a criminal trial,which of the following
Q39: "Benefit of the bargain" is descriptive of
Q52: Offers made to the public may be
Q54: Bob sees a used car advertised as
Q79: Because strict liability is a tort doctrine,privity
Q81: A household appliance that works fine but