Anticipatory breach:
a. is addressed by U.C.C. Section 2-207, not by the common law
b. means that an otherwise valid contract will not be enforced by the courts because of a subsequent illegality c. holds that a party may breach a contract if it no longer has an "essential need" for the purpose of thecontract
d. is prohibited by the U.C.C., but allowed by the common law e. none of the other choices
e
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Jack Daniels Co. and Hiram Walker Co. each has $100 million in Common Equity. Jack Daniels has 50 million shares outstanding, Hiram Walker has 60 million. Both have debt on their balance sheets, but both make the same amount of after-tax profits. Which has the higher ROE?
a) Jack Daniels b) Hiram Walker c) Both the same d) Depends on the amount of debt each has and the interest rate
U.S. Federal District Court (trial court) judges are normally selected by the following?
A. Elected by the U.S. House of Representatives B. Elected by the U.S. Senate C. Chosen by the U.S. Supreme Court D. Nominated by the President and confirmed by the U.S. Senate. E. Elected by the voters in the state in which the judge will hear cases.