The Statute of Frauds applies to the sale of all vehicles
a. True
b. False
Indicate whether the statement is true or false
False
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The amendments to the U.S. Constitution protect the people from the power of state and federal governments
a. True b. False Indicate whether the statement is true or false
Karen decided to sell her stair step exerciser, because she wasn't using it as much as she thought she would. Her friend Lydia bought it from Karen for $100 . The first day that Lydia used the exerciser, it fell apart, injuring Lydia's ankle. Lydia:
a. can sue Karen for breach of the warranty of merchantability, because the exerciser is not fit for the ordinary purpose intended. b. cannot sue Karen for breach of the warranty of merchantability, because Karen did not expressly warrant the quality of the exerciser. c. cannot sue Karen for the warranty of merchantability because this warranty was not implied in this situation. d. cannot sue Karen, because they are not in privity of contract.
Which one of the following options is more expensive? Show all calculations
(a) A six-month put that carries a $40 strike price on a stock that is currently trading at $35.84, given that the put trades at a 15 percent investment premium; or (b) A six-month call that carries a $50 strike price on a stock that currently trades at $54.75, while the call trades with a 12 percent investment premium. What will be an ideal response?
What is the best definition of the mailbox rule?
A. Acceptance of an offer must be on precisely the same terms as the offer. B. Users must agree to certain terms and conditions prior to using the product or service. C. Acceptance of an offer is generally effective upon dispatch; terminations are effective when received. D. Courts follow certain practices when parties to an agreement fail to make provisions for a particular matter.