Which of the following statements is (are) true with respect to a joint-and-survivor annuity?
I. Some joint-and-survivor annuities reduce the income payment after the first annuitant dies.
II. No payments are made after the first annuitant dies
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: A
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Which of the following is true about unilateral mistakes?
A. The court will grant relief even if the person's own negligence is the cause of his or her mistake. B. The basic rule is that it is grounds for rescission only if both parties to the agreement are acting under a mistaken belief. C. The plaintiff needs to promptly notify the defendant when a mistake is discovered. D. The court does not grant rescission even if the mistaken party is slightly negligent.
In a report outline, one division may have more topics and subtopicsthan another
Indicate whether the statement is true or false
Under federal law, manufacturers, but not sellers, may be held strictly liable for a defective product
a. True b. False Indicate whether the statement is true or false
Determining asset prices using stocks of assets rather than flow is called
A) asset transformation. B) expected return. C) asset market approach. D) market equilibrium.