Profit is a derived attribute

An excess spread account incorporated into a securitized structure is designed to limit:

A. credit risk. B. extension risk. C. Contraction risk.

Person L and Person K have a contract to buy the S family house. Following a four-day rainstorm, the S family house was pushed off its foundation by a mudslide and is now resting about halfway over a ravine. The contract probably is

a. discharged because performance is impractical. b. still in effect. c. discharged because performance is impossible. d. renegotiable at the discretion of the seller.