The Legal Environment of Business: Text and Cases
The Legal Environment of Business: Text and Cases
10th Edition
ISBN: 9781337535878
Author: Frank B. Cross; Roger LeRoy Miller
Publisher: Cengage Learning US
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Chapter 12, Problem 3BCP
Summary Introduction

Case summary:A person R availed internet services from internet service provider company C. She did not agree to the "Terms of services" of the company as neither of the company's URL she received, nor the printed material gave any access to the terms of service. She was also unaware of the clause in terms of service, which stated that in case of any dispute, the case will be submitted to arbitration.

To find:The binding force of the clause on the person R depicting settlement of the dispute through arbitration.

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During the year, Kiner Company made an entry to write off a $9,000 uncollectible account. Before this entry was made, the balance in accounts receivable was $315,000 and the balance in the allowance account was $27,000. The net realizable value of accounts receivable after the write-off entry was: A. $200,000. B. $184,000. C. $176,000. D. $288,000. answer
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