Under the ________ Rule,a Contract That Would Normally Fall Under

question 86

Multiple Choice

Under the ________ rule,a contract that would normally fall under the statute of frauds and need a writing if negotiated by the principal must be in writing even if negotiated by an agent.

• A)suretyship
• B)equal dignity
• C)assignment
• D)delegation
• E)substantial performance

---

Definitions:

Direct Labor Cost

The compensation given to workers who are directly engaged in manufacturing products or providing services.

Raw Materials

The basic materials from which products are made, used in manufacturing processes to produce finished goods.

Direct Labor Wage Rate

The amount paid per hour or unit of production to manufacturing workers who are directly involved in converting materials into finished goods.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, such as utilities, rent, and salaries for employees not directly involved in production.