Roxanne, a minor, is living at home with her parents, but signs a lease with a landlord to rent an apartment. Roxanne can
A. disaffirm the lease because her parents can be held liable.
B. disaffirm the lease without liability.
C. not disaffirm the lease because an apartment is a "necessary."
D. not disaffirm the lease because her parents could be liable.
Answer: B
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Which of the following is true of how an implied warranty of merchantability is created?
A) It is made by the buyer or lessee. B) It is implied by law if the seller or lessor is a nonmerchant. C) It is implied by law if the seller or lessor is a merchant. D) It has to be explicitly expressed in a contract.
The running of the statute of limitations on a contract between Martha, the debtor, and Zelda, the creditor
a. extinguishes Martha's duty (the contract is void). b. acts as an accord. c. bars Zelda's remedy (the contract is unenforceable). d. is unilateral performance.
Which of the following is an example of an independent sample?
A. The time spent by a group of female students in the library is compared to the time spent by them in the cafeteria. B. The average amount spent on purchasing cosmetics by women in their early 30s to the average amount they spend on purchasing fashion accessories. C. The average amount spent on fashion magazines per month by a group of teenagers is compared to the average amount spent on sports magazines per month by the same group of teenagers. D. Male students are compared to female students on the average number of hours they study each weekday. E. The average number of energy drinks consumed per day by a group of male students is compared to the average number of energy drinks consumed per day by the general population.
A return function is a value such as profit or loss associated with making decision dn at
a. stage n for a specific value of output variable xn. b. stage n for a specific value of input variable xn. c. stage n for a specific value of stage m. d. input n for a specific value of output variable xn.