. ______ is/are anything that an organization owns that can be used to generate future revenues.

Mark sells an order of computers to Home Computing Inc. Home Computing says it will pay in 60 days. This term regarding time of payment is:

A) Deemed a warranty by the Sale of Goods Act. B) Deemed a condition by the Sale of Goods Act. C) An express warranty because the parties agreed it to be one. D) An express condition because the parties agreed it to be one. E) None of the above because the parties made no agreement about it.

The premium on a life insurance policy is

A) a special service charge for monthly rather than annual payments. B) a reimbursement for previous overpayments. C) the amount paid out at death minus tax payments. D) simply the periodic amount paid to the insurance company.