Consten, a French company, had exclusive rights to import and distribute German Grundig's electronic products into France
One of the competitors started bringing "parallel imports" into France illegally, importing Grundig product bought from a foreign supplier. Which of the following does not represent an action taken by different legal bodies?
A) Consten's complaint was upheld by two French courts.
B) The Paris Court of Appeals suspended the judgment of the French courts.
C) The Paris Court of Appeal's judgment was based on pending a ruling by the European Commission.
D) The European Commission ruled against Consten on the grounds that territorial protection proved to be damaging to the Common Market.
E) The European Commission ruled that German Grundig was in violation of the laws of the Common Market.
E
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Today, you are retiring. You have a total of $411,016 in your retirement savings and have the funds invested such that you expect to earn an average of 7.10 percent, compounded monthly, on this money throughout your retirement years. You want to withdraw $2,500 at the beginning of every month, starting today. How long will it be until you run out of money?
A. 31.97 years B. 34.56 years C. 42.03 year D. 48.19 years E. You will never run out of money
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