At the end of the speech, you should strive to achieve

a. closure.
b. novelty.
c. amazement.
d. puzzlement.


a. closure.

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Mobile Co issued a $45,000, 60-day, discounted note to Guarantee Bank. The discount rate is 6%. At maturity, the borrower will pay:

A) $45,450 B) $42,300 C) $45,000 D) $44,550

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The current legal environment considers most administrative inspections as searches

subject to Fourth Amendment requirements. a. True b. False

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Which of the following is not a formal contract?

A) Recognizance B) Negotiable instrument C) Contract under seal D) New car purchase contract

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Husband buys an insurance policy with a face value of $100,000 and names his wife as sole

beneficiary. When husband dies, the insurance company refuses to pay her the $100,000. Which of the following best describes this situation? A) The wife can sue the insurance company because she is a third-party beneficiary to this contract. B) The wife cannot sue the insurance company because she was not a party to the contract and does not have privity. C) The wife can sue the insurance company because she was a party to the contract and does have privity. D) The wife cannot sue the insurance company because she does not have an insurable interest in her husband.

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