Fragment Company Is a Wholesaler That Sells Merchandise in Large

question 194

Multiple Choice

Fragment Company is a wholesaler that sells merchandise in large quantities.Its catalog indicates a list price of $300 per unit on a particular product and a 40% trade discount is offered for quantity purchases of 50 units or more.The cost of shipping the merchandise is $7 per unit under terms FOB shipping point.If a customer purchases 100 units of this product,what is the amount of sales revenue that Fragment will record from this sale?

• A)$18,000
• B)$30,000
• C)$18,700
• D)$29,300
• E)$30,700

Understand the role and application of promissory estoppel in contract law.

Recognize the application and exceptions to the doctrine of consideration, including past consideration and moral obligation.

Analyze contract modifications and the requirement of additional consideration for enforceability.

Identifying enforceable promises without consideration under specific statutory exceptions.

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Definitions:

U.S. Presidents

The elected heads of state and government of the United States, serving as the country's chief executive officers and representing the federal government nationally and internationally.

Deviation Norm

A concept in sociology that refers to behaviors or actions that deviate from a society's set norms or expectations, often leading to negative sanctions.

Wartime Powers

Special authorities granted to government leaders to take actions necessary for national defense and security during periods of armed conflict.

Military Activities

Activities conducted by armed forces related to defense, warfare, and maintaining public order.