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Accounting

Mary promises to pay her assistant Ned $10,000 in consideration of the services he provided over the years. Mary never pays Ned. Mary is:

a. liable for payment of the $10,000.

b. liable only if Ned still works for Mary.

c. not liable, because the consideration is in the past.

d. not liable, because the consideration was unintentional.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M944488

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