A statue of fraud requires that lease agreements:
A. Provide some form of security deposit to be held by the landlord.
B. Cannot be assigned or subleased by the tenant.
C. For one year or less to be in writing to be enforceable.
D. For more than one year to be in writing to be enforceable.
Answer: D. For more than one year to be in writing to be enforceable.
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A potential adverse occurrence is called a threat or an event. With respect to threats, which of these statements is false?
A. the potential dollar loss from a threat is called the exposure or impact B. none are false C. the probability a threat will occur is called the likelihood or risk D. the timing of when a threat will occur is called the timeframe or timeline
The brand equity of many oil companies is lower when associated with oil spills or controversial drilling practices. Which type of brand liability does this best represent?
A) customer dissatisfaction B) poor record on social issues C) product or service failures D) inadequate product line development E) poor product conformance