When interpreting contracts, arbitrators look to all of the following except:
A. The contractual language
B. Past practice of the parties
C. Intent of the parties
D. Desires of the parties
D. Desires of the parties
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As the video states, formal reports and proposals include unique elements such as a _________, which the chapter describes as a feature that helps time-pressed readers get a sense of what's in the document.
A. synopsis
B. title fly
C. table of contents
D. title page
E. letter of transmittal
Consideration for a contract must always be:
A) money. B) paid in cash. C) intangible personal property. D) something of value.
Cassie, age 62, paid a life insurer $100,000 in exchange for a life annuity. If Cassie dies before receiving 120 monthly payments from the insurer, the remaining payments will be made to a beneficiary
If Cassie dies after receiving 120 payments, no additional payments are made by the insurer. The annuity option Cassie selected it A) life annuity, no refund. B) life annuity with period certain. C) installment refund annuity. D) cash refund annuity.
A reduction of the value of a nation's currency relative to the currencies of other countries is called
A. a currency devaluation. B. a reduced exchange rate. C. a deficit money market. D. a compressed economy. E. none of these answer choices.