In California, a procedure known as summary administration is used to settle estates that do not exceed $60,000.

Pratt Company has old inventory on hand that cost $15,000. Its scrap value is $20,000. The inventory could be sold for $50,000 if manufactured further at an additional cost of $15,000. What should Pratt do?

a) Sell the inventory for $20,000 scrap value b) Manufacture further and sell it for $50,000 c) Hold the inventory at its $15,000 cost d) Dispose of the inventory to avoid any further decline in value

Which of the following actions would not be a violation of Washington's anti-discrimination laws?

a. Refusal to make a counter offer in response to a clearly frivolous offer. b. Refusal to make a counteroffer because the offeror is African American. c. Requiring a large down payment from an African-American buyer. d. Making a more expensive inquiry into the financial condition of an African-American loan applicant.