If someone provides a service that he or she is already obligated to do, it is an example of

a. a promissory estoppel.
b. a past consideration.
c. an illusory promise.
d. a preexisting duty.

d

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A mutual fund's net asset value is determined by

A) demand for the fund based on the fund's performance. B) the fund manager's reputation. C) the value of the securities held by the fund. D) all of the above.

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The number of weeds that remain living after a specific chemical has been applied averages 1.3 per square yard and follows a Poisson distribution. Based on this, what is the probability that a 3-square yard section will contain less than 4 weeds?

A) 0.4532 B) 0.2001 C) 0.6482 D) 0.1951

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