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Question
Which of the following is true of the period during which parties can file a lawsuit for breach of a sales contract?
A. The parties can extend it for a period longer than six years after the breach occurs.
B. The parties to a contract may shorten this period to one year after the breach occurs.
C. The parties are free to determine the period during which the lawsuit can be filed.
D. The lawsuit must be filed within two years after the breach occurs.
Answer
This answer is hidden. It contains 195 characters.
Related questions
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Which of the following was the earliest federal legislation enacted to protect water bodies against pollution?
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Which of the following are exempted from antitrust violations under the Clayton Act?
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Which of the following requires parties to the merger agreement for planned mergers involving dollar values of stock or assets exceeding certain amounts to provide advance notice to the FTC and the Justice Department?
A. Section 7 of the Clayton Act
B. The Robinson-Patman Act
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Q:
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A. $20,000 fine and one year imprisonment.
B. $10,000 fine and five years' imprisonment.
C. $20,000 fine and five years' imprisonment.
D. $10,000 fine and one year imprisonment.
Q:
Nast Corp. orally engaged Baker & Co., CPAs, to audit its financial statements. The management of Nast informed Baker that it suspected the accounts receivable were materially overstated. Although the financial statements audited by Baker did, in fact, include a materially overstated accounts receivable balance, Baker issued an unqualified opinion. Nast relied on the financial statements in deciding to obtain a loan from Century Bank to expand its operations. Nast has defaulted on the loan and has incurred a substantial loss. If Nast sues Baker for negligence in failing to discover the overstatement, Baker's best defense would be that:
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Q:
In which of the following contexts is a professional most likely to experience a nonclient action?
A. An accountant who prepares and audits financial statements of companies.
B. A consultant who gives advice to companies for improving performance.
C. A securities broker who provides investment advice to retail investors.
D. An attorney who advises companies on corporation and business laws.