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- Which of the following is a similarity between the Uniform Commercial Code (UCC) and Convention on the International Sale of Goods (CISG)? a. Both recognize express warranties and implied warranties of merchantability. b. Both require that all the parties to a sales transaction be residents of the United States. c. Both ask for notice of nonconforming goods. d. Both require that contracts for the sale of goods in excess of $500 be in writing.If complying with an injunction costs the defendant more than it benefits the plaintiff and transaction costs between the parties are low, there is no possibility of them negotiating an efficient solution and no reason for them to try. True FalseThe shelter principle may apply to anyone who can trace his or her title back to an HDC. True or False
- In these neighborhoods, Sale price of Comparable 1,2,3 are worth about $1,250,000; $1,800,000 and $1,500,000 respectively. Two sold within the last four months, while the third sold six months ago - Comparable 1: The buyer can pay in 2 installments. The first installment will be paid 50% total amount of the sale price now, and the second installment will be paid 50% total amount of the sale price after one year.- Comparable 2: The buyer can pay in 2 installments. The first installment will be paid 30% total amount of the sale price next year, and the second installment will be paid 70% total amount of the sale price after two years.- Comparable 3: The buyer can pay in four equal installments for the next four years.What is Present Value of 3 comparable? show your workThe owner of a chain of bicycle stores are uncertain whether on of their shops is covered under their commercial general liability policy. To verify coverage, they should check which of the following policy provision? Condition Declaration other insurance insuring agreementThe governments role in terrorism insurance is that of - disinterested observer - innocent bystander - a reinsurance provider of last resort/ re-insurer
- Under the doctrine of promissory estoppel, a promise must: Group of answer choices A.Include conduct to support it B.Be of short duration C.Cause the promisee to rely upon it to his detriment D.Be made by a merchantThe filing of a 10-K and an annual report are required by the Securities and Exchange Commission. Failure to do so can result in civil penalties levied against the corporation. Group of answer choices True FalseA buyer who responded to a magazine advertisement regarding the purchased goods may be protected by all of the following except which one? Question 22 options: warranty of fitness for a particular purpose express warranty of good title warranty of merchantability limited warranty of remedies
- Define and explain the importance of "Liability Dollarization".Progressive packages home and auto insurance services together for one price using bundle pricing, a common _____Blank practice.Show that expectation damages are efficient with respect to breach, but not efficient with respect to reliance.