A certificate of deposit that pays 9.8% compounded monthly is better than a similar certificate of

deposit that pays 10% compounded only once per year.

Indicate whether the statement is true or false

TRUE

Business

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Andrea purchased an auto insurance policy with bodily injury liability limits of 250/500 ($250,000/$500,000). She also purchased a personal umbrella policy with a $1 million limit and a $500 self-insured retention

Andrea was talking on her cell phone while driving, and her car struck and killed a pedestrian in a crosswalk. The court ordered her to pay $750,000 to the spouse of the person she killed. How will this claim be settled? A) The umbrella policy will pay $749,500. B) Each policy will pay $375,000. C) $250,000 will be paid under the auto policy and $500,000 will be paid by the umbrella policy. D) The auto policy will pay $250,000, Andrea will pay $500, and the umbrella policy will pay $499,500.

Business

By definition, a sale under Article 2 of the UCC requires:

a. that the parties involved be merchants. b. that the product involved be goods, services, or a mixture; that the sale be between or among merchants; and that the sale take place in the normal course of business for that industry. c. that title to the goods pass between the seller and the buyer and that a price be paid for the goods. d. that the service being sold cannot be a gift or a bailment.

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