Refer to fact pattern 13-4. if teatro says it is asking for the extra $250,000 because ordinary business expenses have increased, the agreement is:

a. enforceable as the consideration is past.

b. enforceable because of unforeseen difficulties.

c. unenforceable as an illusory promise.

d. unenforceable due to the preexisting duty rule.

Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of:

What are two benefits of consumer programs

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.