In Wickard v. Filburn, the Supreme Court held that if a farmer only produced wheat to be used on that farmer's property then there is no commerce to be regulated by Congress
a. True
b. False
Indicate whether the statement is true or false
False
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What was the key factor in the development of the English common law?
A) the development of forensic science in helping decide cases B) the supremacy of the king and his intervening powers when deciding cases C) the use of precedence of past cases for judges to decide present similar cases D) the subjective decision making of judges when it came to similar cases
Derek and Abyan were discussing business over lunch when they agreed on the sale of a five-acre parcel of land. Since neither of them had any paper with them, Derek wrote the following on a napkin: "Abyan agrees to purchase from Derek a 5-acre parcel located at the local address of 123 105th Street, St. Joseph, Minnesota, U.S.A. for the price of $4,500 per acre. Transfer of title, payment, and
possession to take place on May 1, 2011." Abyan signed the napkin. On May 1, 2011, Derek was ready to close the deal and transfer title but Abyan refused to pay the purchase price. If Derek sues Abyan for the price of the land, the most likely result will be: a. Abyan will win because the writing is not sufficient under the statute of frauds. b. Derek will win because the writing is sufficient under the statute of frauds. c. Abyan will win because Derek did not sign the writing. d. Derek will win because the statute of frauds does not apply to this situation.
A Hewlett-Packard sales rep is making a presentation about a new printer product to a group of purchasing agents when one of the agents withdraws to read a text message. In the traditional communication model, the text reading is the
A. decoding. B. noise. C. source. D. encoding. E. receiver.
What is the name of the effect related to market liquidity that occurs when a market lacks liquidity and an investor's trade is relatively large and results in an adverse effect on the price the investor gets?
A) turnover B) blocked funds C) demutualization D) market impact