Which of the following statements are correct?1) A firm that…

Which of the following statements are correct?1) A firm that will buy Swiss francs in the future wants the value of the franc to decrease before they have to buy francs. Therefore, the firm is long the Swiss franc since the firm will profit if the franc declines in value.2) Suppose a firm finds itself short the euro through past transactions. To hedge this risk, the firm could sell the currency forward.

Kramer is running for the state legislature. He telephoned L…

Kramer is running for the state legislature. He telephoned Leffler Printing Company and ordered 5,000 lawn signs that read “Kramer’s the One for District 17B”. Kramer agreed to pay $15 per sign. All communications were verbal, and nothing was ever put in writing. When Leffler delivered the signs, Kramer refused to accept them because all his campaign money had been sent to the “Stop the Steal” Fund, and certain college videos had recently been made public, and now he hopelessly trails in the polls. Leffler argues that the verbal agreement is enforceable. Kramer argues that he did not sign anything and therefore, because of the statute of frauds, there is no contract. Does Leffler have a right to be paid by Kramer? In other words, is the verbal contract valid and enforceable?