There are no defenses available for strict liability; it is imposed absolutely
a. True
b. False
Indicate whether the statement is true or false
False
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Barbara, a skilled welder, was hired at Mainco Enterprises for a welding position. She was asked to sign a noncompete clause limiting future employment if she left Mainco. A court would be very likely to enforce the noncompete clause unless the time or geographic restriction is unreasonable
a. True b. False Indicate whether the statement is true or false
Rollo promises to perform, for a price, shoe repair services in affiliation with Togs 'n Things, a clothing store. To support a contract, the consideration exchanged by the parties must be
A. adequately considerate. B. equally valuable. C. legally sufficient. D. wisely priced.
Which of the following statements is CORRECT?
A. A time line is not meaningful unless all cash flows occur annually. B. Time lines are not useful for visualizing complex problems prior to doing actual calculations. C. Time lines cannot be constructed in situations where some of the cash flows occur annually but others occur quarterly. D. Time lines can be constructed for annuities where the payments occur at either the beginning or the end of the periods. E. Some of the cash flows shown on a time line can be in the form of annuity payments, but none can be uneven amounts.
Why is credit risk modeling more difficult than interest-rate modeling?
What will be an ideal response?