The Oakland Scavenger Company case resulted in a(n)
a. favorable ruling by the court for the plaintiffs.
b. favorable ruling by the court for the defendants.
c. out-of-court settlement.
d. appeal to the U.S. Supreme Court.
ANSWER: c
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Martin would like to insure valuable personal property limited in coverage by his homeowners policy. Martin has two options
He can purchase the coverage through a separate personal articles floater policy or he can add an endorsement to his homeowners policy. The endorsement is called the A) extended coverage endorsement. B) scheduled personal property endorsement. C) personal injury endorsement. D) replacement cost endorsement.
According to Francis Bacon, usury must be permitted for which of the following reasons?
a. It's only fair to allow those who have money to profit from lending it b. Men are so hard of heart they will not lend freely c. Borrowing is a privilege not a right d. The world of business need not be fair
A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,500. The company retired these bonds by buying them on the open market at 97. What is the gain or loss on this retirement?
A) $0 gain or loss. B) $1,500 gain. C) $1,500 loss. D) $3,000 gain. E) $3,000 loss.
A random variable X is normally distributed with a mean of 175 and a standard deviation of 50. Given that X = 150, its corresponding Z- score is –0.50.
Answer the following statement true (T) or false (F)