A bond certificate includes ________
A) the terms of the bond
B) the individual to whom payments will be made
C) the yield to maturity of the bond
D) the price of the bond
Answer: A
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Which of the following contracts MUST be in writing to be legal?
A) a sale of a $50,000 car B) a two year lease of a photocopier C) an office pool to buy lottery tickets D) a sale of a condominium E) all of the above contracts must be in writing to be legal
Chelsea Bridge is 16 years old, but looks 21. She buys an expensive television for $2,000 on credit, telling the salesperson that this is her 21st birthday present to herself. The salesperson honestly believes her
She makes two payments of $100 each, and then can't pay any more. The store sues her for the balance owing. Which of the following is TRUE? A) Because Chelsea looks over 21, the contract is enforceable against her. B) Because Chelsea lied about her age, the contract is enforceable against her. C) The contract is not enforceable against Chelsea because she is a minor. D) The contract is enforceable only in the province of Quebec. E) Both A and B