The probability of the intersection of two events is known as a ________ probability
A) marginal
B) joint
C) simple
D) prior
B
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On May 1, Fred agreed to sell and deliver 1,000 bushels of wheat to a baker for $7 per bushel. After the market price of wheat rose to $8 per bushel, Fred breached the contract by refusing to sell a bushel of wheat at $7. He demanded that the baker pay $8.50 per bushel of wheat. If the baker can get substitute wheat at the current market price, can he get specific performance? If not, what options are available to him if he seeks damages for breach of contract from Fred? What will he recover under each option?
What will be an ideal response?
What is differentiation?
What will be an ideal response?
Much of American law is based on
a. the English legal system. b. the Spanish legal system. c. the civil law of the Greeks. d. Ancient Chinese law.
The statute of limitations as it generally applies to the income tax law means that
A) the IRS has three years from the time of your filing to impose additional tax liabilities. B) that your total taxes, both federal and state, cannot exceed an annually determined limit. C) both you and the IRS can change your tax return regardless of when it was filed if it contains mistakes. D) you must pay your tax liability within three days of filing your return or face a stiff penalty.