By paying the holder on an instrument, a party may be discharged from liability

Indicate whether the statement is true or false


True

Business

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The following statement shows racial bias: "The chairman of the committee will be delivering a speech."

Indicate whether the statement is true or false

Business

Which of the following modes of transportation provides the lowest flexibility in handling?

A. Ships B. Trucks C. Railroads D. Pipelines

Business

The Johnson Corporation issues a bond which has a coupon rate of 10.20%, a yield to maturity of

10.55%, a face value of $1,000, and a market price of $850. Therefore, the annual interest payment is A) $120.0. B) $101.75. C) $102. D) $105.50.

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Equitable remedies will not be granted where:

A) the terms of the contract are fair. B) the consideration is adequate. C) the terms of the contract are sufficiently certain. D) the contract is tainted with fraud, duress, undue influence, mistake, or unfair practices.

Business