Geometry Co

question 9

Multiple Choice

Geometry Co.manufactures microchips for electrical products.Jojoba monopolizes the supply of gallium arsenide,which is used heavily in the manufacturing of microchips.Because of this monopoly and the demand for microchips,Geometry enters into a long-standing agreement with Jojoba for 20 years.For the first couple of years,due to the huge demand for the microchips,Geometry insisted on timely delivery of the raw material.However,once the demand slumped,Geometry asserted economic duress to avoid the contract.Will Geometry be successful?

• A)Yes,because Geometry was forced to enter the contract due to Jojoba's monopoly over the supply of the raw material.The consent was not free.
• B)No,because the facts prove that Jojoba had not caused any undue duress.
• C)Yes,because there was economic duress and thus the contract is voidable at Geometry & Co.'s discretion.
• D)No,because Geometry has already taken benefits under the contract for two years.

Grasp the concept of anthropomorphism and its application in understanding human emotion.

Understand display rules as social and cultural guidelines for emotional expression.

Comprehend the universal and culturally specific aspects of emotional expression.

Understand the key characteristics and types of buying situations.

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Definitions:

Trial Balance

A trial balance is a bookkeeping report that lists the balances in each of an organization's general ledger accounts in a specific moment in time, typically at the end of an accounting period.

Mathematical Equality

A statement indicating that two mathematical expressions or quantities are identical in value.

Debits And Credits

The two sides of every financial transaction in double-entry bookkeeping; debits must equal credits for each entry to balance.

Alphabetic Order

A method of arranging items or information according to the sequence of the letters in the English alphabet.