If the quality of a product or service is difficult to evaluate even after you have purchased and used the product or service, the product falls under the category of:
A) experience goods.
B) shopping goods.
C) convenience goods.
D) credence goods.
D
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How much would $100, growing at 5% per year, be worth after 75 years?
A. $3,689.11 B. $3,883.27 C. $4,077.43 D. $4,281.30 E. $4,495.37
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Which of the following is not characteristic of a valid contract?
A) It can be viewed as private law between the parties. B) It will have at least two parties. C) The parties must have the contract's terms approved by the appropriate court. D) A court will enforce its terms if the parties do not voluntarily perform.
If Jim, Ken, and Lee each deposit 10,000 bushels of wheat in a grain elevator, they would own one-third of the remaining mixture by:
A) accession. B) adverse possession. C) prescription. D) confusion.