Which of the Following Does NOT Result in an Open

question 61

Multiple Choice

Which of the following does NOT result in an open price term contract?

• A) It says nothing as to price.
• B) It provides that the parties shall agree later as to the price and they fail to so agree.
• C) It fixes the price in terms of some agreed market or other standard, as set by a third person or agency, and the price is not so set.
• D) It specifies the price in a foreign currency with a fluctuating exchange rate.

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Definitions:

Consolidated Net Income

The total net earnings of a parent company and its subsidiaries after eliminating inter-company transactions and distributions.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been deducted from total revenue.

Dividends

Payments made by a corporation to its shareholder members, typically derived from profits.

Investment in Brinkman Corp.

A specific financial stake held in Brinkman Corp, detailing the ownership interest in the corporation through the acquisition of its stock or other equity instruments.