Wally owns 200 acres of land. Wally offers to sell the land to Robert for $1,500 per acre. Robert replies that he does not need 200 acres of land but would like to buy 40 acres at $1,500 per acre. Wally agrees to sell but does not identify which 40 acres. Later, Wally refuses to sell any land to Robert. What is the result?
A) Robert wins; this is an enforceable contract with complete and definite terms.
B) Robert wins; the UCC will decide which 40 acres are to be sold.
C) Wally wins; the original offer was not intended to be an offer but merely an invitation to negotiate.
D) Wally wins; this agreement is too indefinite since it does not identify which 40 acres are to be sold.
D
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Currently, Bruner Inc.'s bonds sell for $1,250. They pay a $120 annual coupon, have a 15-year maturity, and a $1,000 par value, but they can be called in 5 years at $1,050. Assume that no costs other than the call premium would be incurred to call and refund the bonds, and also assume that the yield curve is horizontal, with rates expected to remain at current levels on into the future. What is the difference between this bond's YTM and its YTC? (Subtract the YTC from the YTM.)
A. 2.11% B. 2.32% C. 2.55% D. 2.80% E. 3.09%
Which organization provides leadership in unifying public relations practitioners worldwide under a common vision: "One profession, one voice"?
A. International Public Relations Association
Under the Fair Packaging and Labeling Act, which of the following governmental units promulgates rules governing the labeling and packaging of products?
A) the Federal Trade Commission B) the Occupational Safety and Health Administration C) the Interstate Commerce Commission D) the Department of Health and Human Services
People’s tendency to look for internal and external factors when asked to explain the cause of their own actions is known as:
a) Internal and external attribution b) Interpretation and judgment c) Self-perception theory d) Overjustification