Which of the following is an example of a pure tangible good?
A) massage
B) shampoo
C) e-mail
D) restaurant meal
E) air travel
B
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Burton owns an apartment building free of an encumbrance. Burton has leased an apartment to Frazier who, in turn, sublets to Gresham.
A. Frazier transferred the entire right, title, and interest in and to the leasehold. B. Gresham should pay rent to Burton. C. If Gresham does not pay rent to Frazier, then Frazier is not liable to Burton for rent. Burton must proceed directly against Gresham. D. Burton's agreement with Frazier is not affected by the sublease in terms of Frazier's liability.
An example of a type I error would be:
A) throwing away a perfectly good banana. B) counting a student's multiple choice response correct when it is actually incorrect. C) releasing a guilty defendant. D) counting a student's multiple choice response correct when it is actually correct.