Ruppart Manufacturing has a contract for the sale of 100 cases of teaching supplies to Teachers Co-op, Inc Payment of the order is to be made in installments over the next year. Ruppart Manufacturing keeps a security interest in the cases sold to assure payment by Teachers Co-op, Inc When the order is completed, Ruppart ships the order. Legally
a. both Ruppart and Teachers have an insurable interest in the supplies.
b. only Ruppart has an insurable interest in the supplies.
c. only Teachers has an insurable interest in the supplies.
d. neither Ruppart nor Teachers has an insurable interest in the supplies.
a
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Answer the following statement(s) true (T) or false (F)
1. Employers are required to pay for all of employees’ Social Security. 2. Social Security’s disability program and Social Security’s retirement program are the same benefit. 3. Medicare is completely free to the retiree. 4. All employers pay the same workers’ compensation insurance premiums, regardless of the type of industry. 5. Any individual who becomes unemployed is eligible for unemployment benefits.
Marcelo is preparing a monthly report for his supervisor regarding plant operations. While Marcelo is happy to report that production increased by 20% this month, he needs to let his supervisor know that material charges, delivery costs and utilities to run the plant also increased significantly. These represent the plant's ________ costs.
Fill in the blank(s) with the appropriate word(s).
Sable and Rex agree while talking on the phone to form a partner¬ship—The Home Source—to deal in transfers of real property. To be enforceable, their agreement must
a. be filed in the appropriate state office. b. be in writing. c. involve the exchange of valid consideration. d. not involve a third party.
Some firms use the payback period as a decision criterion or as a supplement to sophisticated decision techniques, because ________
A) it explicitly considers the time value of money B) it can be viewed as a measure of risk exposure due to its focus on liquidity C) the determination of the required payback period is an objectively determined criteria D) it considers the timing of cash flows and therefore the time value of money