Match each related term below to its corresponding example.1. Resource 2. Dependency
A. An item must be free of defects.
B. A piece of equipment is only available for two weeks.
C. A part must be added to an item before the item can be packaged.
1. = B. A piece of equipment is only available for 2 week
2. = C. part must be added to an item before the item can be packaged
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A beneficiary receives the proceeds from a life insurance policy in a lump-sum payment. Which of the following statements best explains how the proceeds will be treated in relation to the debts of the beneficiary?
A) It is protected from the beneficiary's creditors once it is paid to a beneficiary. B) It can be subject to the beneficiary's debts and creditors. C) It is protected from the beneficiary's creditors as long as it is paid in a lump sum. D) It is not subject to the beneficiary's debts and creditors."
A buyer made an offer on a property but refused to give a $500 deposit to the broker, as specified in the listing. He agreed to give the broker $500 as deposit as soon as the seller accepted the offer. Which of the following should be written in the form:
A: Buyer agrees to deposit $500 upon acceptance by the buyer; B: Broker to collect $500 from buyer on seller's acceptance; C: Buyer agrees to deposit $500 cash with the broker immediately upon seller's acceptance; D: This offer would be void since there was no consideration for the contract.