The covenant of title made by a grantor in a deed is also known as the covenant of:
A) seisen.
B) quiet enjoyment.
C) no encumbrances.
D) undisturbed possession.
A
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Joe Ogden, the Chairman and CEO of Ogdenergy, Inc, a promising venture in the natural gas industry, is negotiating with Summer Street Capital Partners, a Buffalo, NY-based venture capital firm (VC), for funding of $15 mn
, which will be used for building PP&E. Summer Street is impressed with the venture, and is considering providing the funding in exchange for equity shares. However, Summer Street is concerned that if they demand an equity ownership percentage that is too high, Ogdenergy's entrepreneurs may be less inclined to work hard to ensure the venture's success. They determine that if they demand a 40% equity percentage, the firm will be worth $44 mn., but if they demand a 60% ownership percentage, the firm's value will be only $26 mn. Which equity ownership percentage should Summer Street take? (i.e., which maximizes Summer Street's NPV?) a. Summer Street should take a 40% equity percentage. b. Summer Street should take a 60% equity percentage.
Mary's house catches on fire. $9,000 of her jewelry is destroyed by the fire. What is the maximum amount her HO-3 policy will pay for this loss?
A) $12,000 B) $9,600 C) $2,500 D) $1,500
Lee and Victor are good friends. Lee's laptop computer has become very slow and is not working correctly, and he goes to Victor and asks for help. Victor downloads some antimalware software onto Lee's computer, and its performance improves. Victor has provided
A. engagement support. B. social companionship. C. informational support. D. instrumental support. E. esteem support.
Which of the following is a potential drawback of licensing?
A. If quality is compromised, it may reflect poorly on the company providing the license. B. Licensing will provide the original producer with much foreign marketing experience. C. It is a relatively inexpensive way to market your product internationally. D. It is an extremely expensive and highly involved method of international expansion. E. It provides no compensation for the original company.