Which of the following leases are most commonly used by community and neighborhood centers?
A. Variable-rate lease
B. Percentage lease
C. Fixed-rate lease
D. Pro bono lease
E. Sliding scale lease
Answer: C
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Indicate whether the statement is true or false.
A product consists of two parts. The reliability of these parts are 0.98 and 0.86. Calculate and indicate product reliability.
a. 84.3% b. 75.2% c. 69.1% d. 73.2%
Which of the following is true regarding review of agency procedures?
a. Agency procedures are not required to conform to the requirements of the Due Process Clause. b. Federal courts set agency procedures. c. A court may require that an agency comply with its own procedural rules. d. Both that federal courts set agency procedures and that a court may require that an agency comply with its own procedural rules.
Larry, a merchant seller, had contracted with Simon to buy welding equipment. The contract stipulated that Larry would pick up the equipment from Simon's warehouse on the 14th day from the date of the contract. Larry could not make the pick-up on the stipulated date and before he could do so on the 15th day, the warehouse and its contents were destroyed by arsonists. In this situation, who bears the risk of loss for the goods that were to be received by Larry?
A. The risk of loss lies with Larry for delaying the pick-up. B. The risk of loss lies with Simon for not protecting the goods from the arsonists. C. The risk of loss is equally shared by Larry and Simon. D. The risk of loss is shifted to the persons responsible for the fire.