On january 1, damon, for consideration, orally promised to pay gary $300 a month for as long as gary lived, with the payments to be made on the first day of every month. damon made the payments regularly for nine months and then made no further payments. gary claimed that damon had breached the oral contract and sued damon for damages. damon contended that the contract was unenforceable because, under the statute of frauds, contracts that cannot be performed within one year must be in writing. discuss whether damon will succeed in this defense

In our daily interactions we can find ourselves listening to other people solely for the purpose of finding weakness in their positions so that we can formulate a convincing response. select one: true false

Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.

Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false