Which term refers to a directive issued by the president that has the effect of a Congressional law?
A) presidential citation
B) executive order
C) executive mandate
D) administrative directive
Answer: B
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Which of the following statements is FALSE?
a. A bridge loan is another type of short-term bank loan that is often used to "bridge the gap" until a firm can arrange for long-term financing. b. With a discount loan, the borrower is required to pay the interest at the end of the loan period. c. After a natural disaster, lenders may provide businesses with short-term loans to serve as bridges until they receive insurance payments or long-term disaster relief. d. Bridge loans are often quoted as discount loans with fixed interest rates.
Emerald, Inc enters into a contract to purchase 3,000 chipsets from Atlas, Inc It agrees to pay $10 for each chipset. Atlas manages to deliver only 2,700 chipsets on the stipulated day, leading to a loss in profit for Emerald
The contract did not include a clause about the damages to be paid. If a court decides that Atlas must pay monetary damages, which of the following types of damages will be awarded by the court? A) liquidated B) nominal C) compensatory D) punitive