What is the type of loan where the entire interest charge is subtracted from the loan principal before you receive the money, and at maturity you repay the entire principal?
A) Simple interest method
B) Partial amortization method
C) Discount method
D) Add-on method
E) None of the above
Answer: C
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On October 29, 1989, Alex agrees to paint Georgia's house during the Thanksgiving week for $4,000 in exchange for Georgia's promise to pay him $4,000 in cash immediately upon completion of the work. Which of the following statements is true of this case?
A. Alex could back out of the deal on October 31 without legal liability to Georgia because she has not given any consideration for Alex's promise to do the work until she pays him. B. Georgia could hire another painter on October 31 without legal liability to Alex because until he has painted the house, he has not given any consideration for Georgia's promise to hire him. C. Alex could back out of the deal on October 29 without legal liability if he could prove that $4,000 was inadequate consideration to paint Georgia's house. D. Both parties are bound on October 29 because each has given consideration for the other's promise.
The merchandise flow from the retailer back through the supply chain is termed _____
a. reverse logistics b. third-party logistics c. inbound logistics d. supply chain management
The government does not need to compensate any real property taken in an eminent domain action
Indicate whether the statement is true or false
Why do customers of the Eshop Africa sometimes have to wait for goods to be produced by the artisans?
a. The craftsmanship takes a while to create b. There is often a huge demand c. There is a lengthy export process d. During busy agricultural times of the artists in may be planting or harvesting their crop