Mark bought a dining room set from Lyons Furniture Ltd. The contract stated that Mark was to pay $200 per month for 2 years
Lyons decided to sell Mark's contract to the Star Finance Co Mark was notified and he was very angry as he did not want to make payments to a finance company. As a result which of the following statements is FALSE?
A) Mark must make the payments to Star
B) Lyons made an assignment of its original contract to Star
C) Mark's consent is not required for this transfer to Star
D) Mark cannot sue Lyons for this change
E) Lyons made a legal novation
E
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Pre-death distributions from a modified endowment contract (MEC) receive different tax treatment than other life insurance policies because
A) the MEC has tax deductible premiums B) the MEC is considered an illegal product C) the MEC tends to be an investment vehicle D) the MEC does not accumulate cash value
What type of a scale asks the respondent to state his/her agreement or disagreement with a series of statements about a specific brand in terms of a five-point scale ranging from strongly agree to strongly disagree?
a. Likert scale b. Semantic differential scale c. Paired-comparison scale d. Constant sum scale e. Numerical scale