The last security interest to be perfected is the first in priority over any other perfected security interests.
Answer the following statement true (T) or false (F)
False
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Repeating the same ad does not always work, which has led advertisers to take advantage of the principle of variability theory. That means brand and ad recall are increased because the ad:
A) has several identifiable selling points B) is seen by consumers in different environments C) uses the same tagline in every venue D) uses a typical person spokesperson
Forward contracts:
a. cannot be customized to meet the hedging needs of the buyer. b. can never be arranged in the over-the-counter market. c. are less standardized than futures contracts. d. are never marked-to-market. e. have a high liquidity risk related to immediate cash access to pay for possible losses.
What is the expected yield of the crop?
The U.S. Department of Agriculture estimates that the yearly yield of limes per acre is distributed as follows: Yield, bushels per acre Probability 350 .10 400 .18 450 .50 500 .22 The estimated average price per bushel is $16.80. A) 425 B) 442 C) 440 D) 475
If, during a contract, a party incurs "extreme or unreasonable difficulty, expense, injury or loss" the courts may hold that what applies:
a. novation b. rescission c. impracticability d. delegation e. none of the other choices