A contract made by a person with partial capacity is:
a. not enforceable
b. enforceable unless the person with partial capacity exercises the right to disaffirm the contract c. enforceable in some states, but not others
d. enforceable only if the other party has complete capacity to contract with persons of partial capacity
e. not enforceable unless it deals with property worth less than $100 and there is a written agreement
b
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Key words give texts ______________
a. purpose b. direction c. meaning d. flow
Hyper Retail Outlets sell goods on terms of net 40. The store's average monthly sales (all on credit)
are $70,000. Hyper pledges all of its receivables to the bank, which advances 80% of the face value of the receivables at a rate of 2.5% above prime. The bank also charges a 1% processing fee on all receivables pledged. Hyper borrows the full amount possible, and the current prime rate is 5%. What is the annual percentage rate (APR) of using this source of financing for one full year? A) 23.5% B) 21.8% C) 22.5% D) 19.1%
The required rate of return on the Cosmos Corporation's common stock is 10%, the current real rate of return in the market is 1%, and the inflation rate is 3%. In this case, the risk premium associated with Cosmos stock is
A) 5%. B) 6%. C) 7%. D) 8%.
For a binomial probability distribution, the probability of success must always be greater than the probability of failure
Indicate whether the statement is true or false