Define legal detriment
Legal detriment means (a) the doing (or undertaking to do) that which the promisee was under no prior legal obligation to do or (b) the refraining from doing (or the undertaking to refrain from doing) that which he was previously under no legal obligation to refrain from doing.
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The number of GRPs attained by a TV schedule is the product of the reach and the frequency. In this case, frequency is the number of times the commercial is aired
Indicate whether the statement is true or false
Which of the following is a reason for a company to announce a stock split?
A) to reward investors B) to increase total stockholders' equity C) to decrease the market price at which the stock is trading D) to provide the shareholders with something of value, when the company cannot afford a cash dividend
Which of the following portfolios would have no diversification benefits?
A. A portfolio consisting of two perfectly positively correlated stocks B. A portfolio consisting of two perfectly negatively correlated stocks C. A portfolio consisting of two uncorrelated stocks D. A portfolio consisting of two stocks with the same standard deviation of returns E. A portfolio consisting of two stocks with the same beta coefficient
Marilyn read an ad in the school newspaper offering a thousand dollar swimming scholarship to anyone who could swim 500 laps in the school pool. Marilyn called the advertiser and began swimming. She has reached lap number 460; she feels great and is sure she can make it all the way. The advertiser:
A) may revoke the offer since there has not yet been an acceptance. B) may not revoke the offer since Marilyn has already accepted it. C) must permit Marilyn the opportunity to finish her attempt to swim the 500 laps, or pay damages if he interferes with the completion of the laps. D) must pay Marilyn $920, because she has performed 92% of the offer.