A contract modification always results in a new contract if the modification adds distinct goods or services at a price that reflects their stand-alone selling price. A. True B. False

on the advan criticisms of the two theories. according the economic theory of contract enforcement. Comment explain (again in your own words) how this question is answered bargain of contract law. State in your own words and then in you own words) how this question is answered according to the should be enforced?" State in your own words and then explain (again The first fundamental question of contract law is "What promises

Under the completed-contract method,   Question 16 options: a revenue, cost, and gross profit are recognized at the time the contract is completed. b revenue and cost are recognized during the production cycle, but gross profit recognition is deferred until the contract is completed. c revenue, cost, and gross profit are recognized during the production cycle. d None of these answers are correct.

Which of the following mistakes that does NOT render an agreement defective?    A)  identity of the party or parties    B)  identity of the subject matter    C)  terms of the contract    D)  existence of the subject matter