Heavy users of a particular product are often a small percentage of the market but account for a high percentage of total consumption

When Williams subdivided a 40-acre parcel of land into 65 lots in 1955, he included the following in every deed: "The ownership, use, and/or occupancy of this property is limited to persons of the Caucasian race." This deed restriction is:

A: Prohibited by local, state, and federal statutes and by rules and regulations of real estate commissioners in all states; B: Unenforceable because it violates the U.S. Constitution; C: Valid, but only as long as Williams lives; D: Enforceable as a privately imposed equitable servitude.

A private-placement memorandum is:

a. a notice to the SEC about a non-registered security sale that is occurring b. a contract signed by the buyer of an unregistered security in which they recognize they are buying risky, unregistered securities c. a notification to stock brokers about the availability of an unregistered stock offering d. a note placed in the permanent files of an unregistered security offering detailing the offer e. none of the other choices