Use question marks to indicate ________________
a. implied questions
b. potential questions
c. direct questions
d. commands
c
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Bingo, Inc, enters into a call option contract with Racer Investment Co on January 2, 2014 . This contract gives Bingo the option to purchase 1,000 shares of Saloon stock at $100 per share. The option expires on April 30, 2014 . Saloon shares are trading at $100 per share on January 2, 2014, at which time Bingo pays $100 for the call option. Assume that the price per share of Saloon stock is $115
on April 30, 2014, and that the time value of the option has not changed. In order to settle the option contract, Bingo, Inc, would most likely a. pay Racer Investment $15,000. b. purchase the shares of Saloon at $100 per share and sell the shares at $115 per share to Racer. c. receive $15,000 from Racer Investment. d. receive $400 from Racer Investment.
If a buyer breaches a sales contract before the seller has delivered the goods, the seller cannot recover damages from the buyer
Indicate whether the statement is true or false
Tim buys a high-powered tool from Binford Tools to use on the construction of his own garage. Binford Tools provides a full warranty on the tool for the first six months. To pay for the tool, Tim signs a negotiable promissory note which contains the FTC Consumer Credit Notice. Binford properly negotiates the note to First Finance. Within three weeks, the tool stops working and Binford refuses to
repair or replace it. In the meantime, First Finance demands payment from Tim. Under the Federal Trade Commission rules, this consumer credit situation means First Finance a. can collect if it is a holder in due course. b. can collect if it is not a holder in due course. c. can collect whether or not it is a holder in due course. d. cannot collect.
Employees have the right to
a. be paid for their work. b. inform OSHA of unsafe working conditions. c. join a union. d. all of these.