Which of the following statements best describes common law?

a. Common law is law that is the same or similar in all states.
b. Common law is derived from statutes and codes made by legislatures.
c. Common law is based on Justinian and Napoleonic codes.
d. Common law requires judges to base their decisions on prior cases.


d

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The time period to replace property destroyed in an involuntary conversion is two years from the event.

Answer the following statement true (T) or false (F)

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The best example of a finite customer population is the:

A) car-buying public of an automotive manufacturer. B) constituents in a precinct lining up to vote. C) e-mail messages arriving at a major ISP mail server. D) members of the Management department at your university waiting to speak to the Dean about their department chairman.

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Irwin has applied for a loan from an asset-based lending company.  As security he will offer:

A. land and buildings. B. accounts receivable and inventory. C. equipment and buildings. D. inventory and equipment.

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What is the variance of the Y index fund?

A) 22.78 B) 4.69 C) 18.66 D) 8.80

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