Fay, 17, ordered a pair of skis on the installment plan. She paid $20 every month until she turned 18, the age of majority. The next day, she sold them to Sharon and disaffirmed the contract. What is the result?
a. Fay is still liable since she should have disaffirmed before her 18th birthday.
b. Fay is still liable because she used the skis.
c. Fay is not liable because skis are not necessaries.
d. Fay is still liable because selling the skis amounts to ratification.
d
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As a condition to gain entrance into Louisiana to conduct insurance business, a Texas domestic insurer makes a deposit with the Texas Comptroller. The amount of the deposit is sufficient to satisfy the Louisiana Department that the insurer can cover the claims submitted by the insureds in Louisiana. Who has jurisdiction to collect taxes on the interest earned on this deposit?
a. The state of Louisiana. b. The state of Texas. c. The county and municipality in Texas where the principal business office of the insurer making the deposit is fixed by the insurer's charter. d. The interest will only be subject to federal taxes.
A hotel tracks the number of complaints per month. When the process is in control, there is an average of 35 complaints per month. Assume that a 2-sigma control limit is used. What is the upper control limit?
A) less than or equal to 35 B) more than 35 but less than or equal to 45 C) more than 45 but less than or equal to 55 D) more than 55