What is the justification for the courts restricting the scope of the duty of care in some
instances of claims against professionals for damages for negligence?
A) The need to protect professionals from the consequences of their negligent actions
B) The need to ensure that professionals can obtain and maintain adequate insurance coverage
C) The need to ensure that the justice system functions effectively
D) The need to avoid potentially liability on the part of the professional to an unlimited number of persons
E) All of the above
D
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Which of the following statements involving the promised return on a loan is NOT true?
A. Credit risk may be the most important factor affecting the return on a loan. B. Compensating balances reduce the effective cost of loans for the borrower because the deposit interest rate is typically greater than the loan rate C. Compensating balances represents the portion of the loan that must be kept on deposit at the bank. D. Compensating balance requirements provide an additional source of return for the lending institution. E. Increased collateral is a method of compensating for lending risk.
The traditional household consists of ________
A) a husband, wife, and children (and sometimes grandparents) B) a group of related persons living together C) two or more families living together D) a man and a woman living together (whether married or not) E) related or unrelated persons who share living arrangements