Cotton shirts worn by senior senator from massachusetts

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Reference no: EM132179279

1. Small business interest peaked in 1987, and small businesses have since lost market share to larger corporations. While small businesses seem to be currently stable in the marketplace, they still have not regained their place from the past century. One possible explanation is that:

a. small business owners are not able to generate jobs.

b. big businesses have learned to behave like smaller companies.

c. the number of employees that defines a small business has been reduced.

d. small companies generally cannot dominate in the niche technology market, giving way to the larger companies.

e. small business owners want their companies to become large ones, creating greater competition in the large-company sector.

2. Warranties” are the cotton shirts worn by the senior Senator from Massachusetts.

True

False

3. Incoterms are exclusively for international commerce contracts.

True

False

4. “Force Majeure” establishes that an agreement will be suspended in the event of reasonably foreseeable events.

True

False

5. A court will probably deem a contractor’s expense of $100 to provide windows in a building per the construction contract “economic waste.”

True

False

6. When there is uncertainty about multiple terms within a contract, it is ambiguous.

True

False

7. The baker’s dozen meaning "thirteen," rather than "twelve," is an example of custom and usage of trade.

True

False

Reference no: EM132179279

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