If a lessor is a merchant, the risk of loss passes to a lessee when the lessee takes physical possession of the goods
Indicate whether the statement is true or false
True
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In a just-in-time (JIT) environment, design changes must be made early in the production process
Indicate whether the statement is true or false
What type of trust, where the settlor must clearly intend to create a trust, has the following four elements: (1) a settlor, (2) a trustee, (3) trust property,and (4) at least one beneficiary?
a. Express trust b. Implied trust c. Testamentary trust d. Living trust
Scienter in tort law means the plaintiff can see the results of a fraud that has been suffered
a. True b. False Indicate whether the statement is true or false
Brendalee and Mohammed go to a coffee shop during their lunch break and toss a coin to see who will pay. The probability that Brendalee will pay three days in a row is:
a. 0.2500 b. 0.5000 c. 0.1250 d. 0.0150 e. none of these.