Which of the following is correct with regard to express warranties?
A) Commendations or puffing of the goods do not create an express warranty.
B) It is always easy to distinguish between a statement of fact and an opinion.
C) Manufacturers are usually liable for express warranties made by retailers.
D) A statement of the value of goods will create an express warranty.
A
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A hard money loan is:
a. A loan of money when money is hard to get b. A loan made to the trustor to help him purchase a piece of real property. c. A loan of cash to an existing owner of real property to buy an automobile. d. None of the above.
Katz reports total revenue of $245,600, cost of goods sold of $18,950 and net income of $121,000. Their total assets are $585,000 and total liabilities are $250,000. What is their return on equity (ROE)?
A) 36.12% B) 48.40% C) 20.68% D) 41.98%