An undisputed debt is a(n):

a. contested amount of debt.

b. debt action that the court will not hear because it is not definite and certain.

c. obligation that is not contested as to its existence or its amount.

d. obligation that is not contested as to its existence but to the exact amount of the debt.


c

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Band Instruments, Inc, sells seventy-six trombones to Community & School Band Source, Inc To avoid liability for most implied warranties, Band Instruments should state in writing that the trombones are sold

a. as is. b. by a merchant. c. in perfect condition. d. with no known defects.

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George is considering an investment in Parson Inc. and has gathered the information in the following table. What is the expected standard deviation for a share of the firm's stock?

State of the Economy Probability of the State Conditional Expected Return Parson Inc. Recession .25 -20% Steady .60 10% Boom .15 35 A) 17.46% B) 22.48 C) 27.54% D) 31.62%

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If an illegal agreement has already been performed, either party can sue for damages

Indicate whether the statement is true or false

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When the Federal Reserve was created, its most important role was intended to be

A) a storage facility for the nation's gold. B) a lender of last resort. C) a regulator of bank holding companies. D) none of the above.

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