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Kaley owes Ben $1,000. Kaley has a ¼ interest in an apple orchard worth $1,000. Kaley orally assigns the right to this ¼ interest to Ben. Is this assignment valid?

Ignacio Company sold goods on account for to Gabrielle Inc. on February 2, 20X1 with credit terms of 2/10, net 30. The goods had a selling price of $1,000 a cost to Ignacio or $600. Ignacio uses the gross method to record sales on account. Gabrielle returned $250 of goods and paid the account in full on February 7. What journal entry will Ignacio make to record the collection of the account?

Concrete Company agrees to lay a foundation for Diamond Properties, but fails to finish the job. Diamond hires Earth Projects Inc. to complete the work. In a suit for breach, Diamond may recover from Concrete

Consideration is the value given in return for a promise or in return for a performance.

Apps Inc. promises to give stock options to Mai, a creative coder, for processes she has already designed. This promise is

Oscar owns Payroll Company, a bookkeeping service. Oscar pays Remy $5,000 to steal a list of a competitor’s clients.  As a contract, this deal is

Max orally agrees to construct two outbuildings on Ned’s ranch for a stated price. Max performs, but Ned does not pay. To recover on a theory of quasi contract, Max must show that if Ned were allowed to retain the benefit of their bargain, Ned would

Christian slips and falls on a patch of ice on Ella’s property. Ella offers Christian $10,000 if he promises not to pursue any slip-and-fall legal claim against her. Christian agrees but later discovers that it will cost $40,000 in medical expenses for a latent injury. In Christian’s suit against Ella, Christian will most likely recover

Car Lot’s salesperson Dirk offers to sell Espy, who is twenty years old, a car. Dirk intentionally misrepresents the vehicle’s use and repairs. In reliance, Espy buys the car. To prove fraud, Espy does not have to show that

According to Dan Cathy, of Chick-fil-A, the future for competitive businesses is not in customer service; the future is in product development.