Answer: Yes, although the salesperson did not make any express warranties, the UCC imposes an implied warranty of merchantability under which the rotisserie is guaranteed to be fit for the ordinary purposes for which it is used.
Explanation:
From the information given, we can infer that Mason has a recourse. Even though the salesperson did not make any express warranties, it should be noted that the UCC imposes an implied warranty of merchantability and hence, the rotisserie will be guaranteed to be fit for the purposes ordinarily for which it is used.
Therefore, the correct option will be D.
Answer:
(B) I and III
Explanation:
The variable annuity contract allows the investor tho make monthly payment for retirement in two pahses. First it will accumulate on his accounts by mading monthly deposits to yield a return on the fund, stocks or bonds. Then, the investor at retirement age enter the second phase. At which receives payouts from his deposists and earnings.
Therefore, the owner caccounts fluctuate during accumulation period as is ncreaseing or decreasing based on the investment made.
Finally, like all contract is subject to federal and state authority.
Answer:
D Citizens.
Explanation:
Citizens are the employees that responds to the negative events(events that are not related to their work) because they want to remain a part of the organization but they don't posses the credibility that required to change.
Citizens are the employees that do little things showing around the new employees.
Answer:
Stock's expected return = 12.90%
Standard Deviation = 29.68%
Coefficient of variation = 2.30
Sharpe ratio = 0.30
Explanation:
Note: See the attached excel file for the calculations of the Stock's expected return and Variance.
Given:
Risk-free rate = 4%.
From the attached excel file, we have:
Stock's expected return = Total of Stock's Expected Return = 0.1290, or 12.90%
Variance = Total of F = 0.0880890, or 8.8089%
Standard Deviation = Variance^0.5 = 0.0880890^0.5 = 0.2968, or 29.68%
Coefficient of variation = Standard Deviation / Stock's expected return = 29.68% / 12.90% = 2.30
Sharpe ratio = (Stock's expected return - Risk-free rate) / Standard Deviation = (12.90% - 4%) / 29.68% = 0.30
