The annual percentage rate is the simple percentage cost of all finance charges over the life of the loan on an annual basis
Indicate whether this statement is true or false.
Answer: TRUE
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Which of the following promises in consideration of marriage would be outside the statute of frauds?
a. In consideration of Joan's promising to marry him, Dwight promises to pay her an allowance and to give her all of his property upon his death. b. John and Mary mutually agree that their marriage shall not affect the existing property rights of the other. c. John and Joan mutually promise to marry each other in a formal ceremony on June 23. d. Joan promises to release a money judgment against Steven in consideration of his marrying her.
Common examples of financial intermediaries include all of the following EXCEPT
A) Pension Funds. B) Mutual Funds. C) Life Insurance Companies. D) Venture Capital Firms.
Emery is an agent for Downtown Market Corporation. Emery makes an innocent misrepresentation when entering into a contract on behalf of Downtown Market with Cool Fruits, Inc. Cool Fruits
A. is directly responsible for performing the contract. B. is estopped from performing the contract. C. may rescind the contract. D. must ratify the contract.
With an IRA your investment choices include stocks, bonds, mutual funds, CDs and real estate
Indicate whether this statement is true or false.