The purchase and sales agreement states that notices must be sent by registered mail or hand delivered. The buyer sends a waiver of a contingency via email with a valid electronic signature. Which of the following is true?
A. The notice is valid
B. The notice is invalid
C. Federal Law requires that parties accept email notifications as valid
D. State law forbids email notifications in home purchase transactions
Answer: B. The notice is invalid
Business
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An annuity pays $10 per year for 98 years. What is the present value (PV) of this annuity given that the discount rate is 7%?
A) $85.60 B) $171.20 C) $142.67 D) $199.74
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Which of the following terms refers to the process by which an individual's desire for acceptance by the group and the pressure by the group on individual members to match its standards results in a change in individual attitudes and behaviors?
A) conformity B) coercion C) commitment D) convergence E) confluence
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