The directors of a corporation are the principal of the corporation
a. True
b. False
Indicate whether the statement is true or false
True
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Matthew employs a real estate agent to sell his house for $10 million. The agent later learns that the house is rumored to be haunted and that brings down the value of the house to about $5 million. The agency terminates because of ________
A) an unusual change in circumstances B) impossibility of performance C) operation of law D) act of the parties
Violation of a statute designed to protect underage, unlicensed drivers, as well as innocent third parties, from the consequences of juvenile car theft and "joy riding" by prohibiting car owners from leaving the keys in their cars if the cars are unattended, is likely to be characterized as:
A) negligence per se. B) res ipsa loquitur. C) contributory negligence. D) assumption of risk.
They saw in the newspaper that they can get a fixed rate mortgage for 6.65% or a two-year ARM with an initial rate of 5.50%. Which is true about their mortgage choices?
Hector a Maria have been married for almost one year now and are thinking about buying a house. Maria is an executive for a large, multi-national corporation with offices around the world. She has been told by her company that she will be transferred to a new location every three years. Hector is a car salesman and he is willing to move to wherever Maria gets transferred. Together they make $8,000 in gross monthly income and pay 40% in taxes and withholdings every month. Between them they have monthly payment of $400 in student loans and $700 in car loans, and their credit cards payments average $450 per month. They currently lease a luxury condo for $1,400 per month. They travel to Cancun every Christmas. Since they both work a lot of hours, they eat out at restaurants for most meals. They currently have nothing in savings but Hector's grandparents have said they will give them a 20% down payment for the new home. A) The fixed-rate mortgage has an attractive rate but is more risky for them. B) The ARM initial rate is lower so their PITI will be lower. C) Due to Maria's job the ARM would be the better choice. D) Both B and C are correct.
Legal precedents are decisions by judges that may be used as standards in similar legal cases that follow
Indicate whether the statement is true or false