An arbitrator must be
a. a lawyer.
b. a member of the American Arbitration Association.
c. agreed on by the parties.
d. all of the above
c
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Ralph is a professional football player. He signs a valid contract with the Miami Dolphins. Later, he claims that he was also promised free use of the Dolphins' private jet, but this was not in the contract. What type of clause in his contract would prevent him from flying away with this claim?
A)A complete agreement clause B)A "no additional terms" clause C)An integration clause D)A severability clause
The ________ is the amount returned to the investor at the maturity date when the bond is due
A) principal B) interest gain C) capital gain D) terminal value
The right to sell 100 shares of a specified stock at a specified price by a specified expiration date is called a
A) call option. B) put option. C) divestment option. D) sell option.
The installment sale method of accounting applies to which of the following?
A. $798,600 gain realized on sale of common stock in a publicly held corporation. B. $89,300 gain realized on sale of business inventory. C. ($41,500) loss realized on sale of land used in a trade or business. D. None of the above