Identify the possible remedies for a seller when the buyer breaches a contract
If a buyer breaches a contract, the seller can always cancel the contract. The seller may be able to:
• stop delivery of the goods,
• identify goods to the contract (which will help it recover damages),
• reasonably resell the goods and recover the difference between the resale price and contract price plus incidental damages minus expenses saved,
• obtain damages for non-acceptance, or
• obtain the contract price.
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Most people pay federal income tax by
A) paying the total amount owed by April 15. B) filing quarterly tax payments. C) having amounts withheld from income. D) earning tax credits for various deductions.
Nowel Inc. stock is currently priced at $42. The present value of the strike price of a call option on this stock is $44. Probability one, as calculated by the Black Scholes option pricing model is .6541; probability 2 is .3722
The value of this option as calculated by Black-Scholes is A) $(2.00). B) $11.10. C) $2.000. D) $10.71.