If the maker of a note does not pay at maturity, ________
A) the debtor no longer owes the payee
B) interest revenue cannot be accrued on the note
C) the note is no longer in force because it has expired
D) the principal is recorded as a debit to the Accounts Receivable account
C
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Which of the following statements is FALSE? Class actions
A) allow persons who could not otherwise afford it access to justice B) decrease the total cost of complex litigation C) indirectly encourage large corporations to be more careful about issues of safety and product quality D) are easily certified but rarely settle out of court E) often result in the law firm for the plaintiff making large amounts of money
According to market research surveys, HP controls 60% of the color inkjet printer market in the U.S. A random sample of 120 inkjet users was selected. What is the probability that 65 or fewer of these individuals used an HP printer?
A) 0.0968 B) 0.1520 C) 0.279 D) 0.3256