In a(n) ________ franchise, the franchisor authorizes the franchisee to negotiate and sell franchises on behalf of the franchisor

The risk that an FI may not have enough capital to offset a sudden decline in the value of its assets relative to its liabilities is referred to as

A. currency risk. B. sovereign risk. C. insolvency risk. D. liquidity risk. E. interest rate risk.

A deed contains a restrictive covenant barring the sale of the land to persons of non-Caucasian descent. This covenant:

A. is enforceable only as long as the grantor remains living B. may be enforced by the grantee C. is unenforceable but does not invalidate the conveyance D. is illegal and invalidates the conveyance