In a shipment contract the ________ bears the risk of loss of the goods during transportation.
A. seller
B. buyer
C. trucking company
D. postal service
Answer: C
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Money damages awarded for a breach of contract are an example of a legal remedy
Indicate whether the statement is true or false
The leading general- and special-purpose simulation models follow a well-documented and standardized approach.
Answer the following statement true (T) or false (F)
A 1-year oil futures contract is selling for $74.50. Spot oil prices are $68, and the 1-year risk-free rate is 3.25%. Based on the above data, which of the following sets of transactions will yield positive riskless arbitrage profits?
A. Buy oil in the spot market with borrowed money, and sell the futures contract. B. Buy the futures contract, and sell the oil spot and invest the money earned. C. Buy the oil spot with borrowed money, and buy the futures contract. D. Buy the futures contract, and buy the oil spot using borrowed money.