What is the fastest growing population in the United States?
A) Hispanics
B) Multi-racial
C) American Indians/Alaska Natives
D) White, Non-Hispanic
B
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A legal procedure by which a secured creditor causes the judicial sale of the secured real estate to pay a defaulted loan is known as ________
A) attachment B) accountability C) land sales contract D) foreclosure sale
Jack is the sole proprietor of Jack's Appliances. He gives out a five-year warranty on all
appliances that he sells. Sara buys a stove from him. A year later, Jack dies and the business is sold to Ken. Sara can now enforce the warranty against Ken. Indicate whether the statement is true or false
Val, the owner of Wild Wheels, a bicycle store, trusts Xavier to manage the store's daily cash flow. One night, without Val's knowledge or consent, Xavier takes and keeps $500 from the receipts. This is most likely
A. embezzlement. B. larceny. C. robbery. D. no crime.
The Oak Grove Partnership decided it would buy personal computers for use by each partner. Unknown to the other partners, Cromwell, a partner, had an ownership interest in a computer store and thought he could get the computers for the partnership at the best price because of his inside position. He did, in fact, obtain eight computers at only $150 above the manufacturer's price, which was $250
less than the next lowest bid for each computer. What consequence? A) Because Cromwell did not tell his partners of his inside position with the computer store, there will be no sale. B) Since Cromwell obtained the lowest price available, the deal will go through. C) Cromwell will have to give his part of the sales profits to the partnership. D) Cromwell will have to rescind the contract and go with the next highest bidder.