Green Grocers,Inc

question 37

Multiple Choice

Green Grocers,Inc.,enters into a contract with Hiway Transport Company for the delivery of a shipment of fresh produce.If the language in the contract has more than one meaning,it will be construed against

• A)the party who drafted the contract.
• B)the party with the greater bargaining power.
• C)the promisor.
• D)the promisee.

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Definitions:

Retained Earnings

Profits that a company has kept or retained rather than paid out as dividends to shareholders.

Dividends

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

Revenues

The total amount of money received by the company for goods sold or services provided during a certain period.

Total Assets

The sum of all assets owned by a company, as reported on the balance sheet, representing the resources controlled by the company.