You've Just Learned That Your Younger Brother Has Begun Having

question 60

Multiple Choice

You've just learned that your younger brother has begun having sex.You are concerned about his health and the health of his partner, and because abstinence doesn't seem reasonable to expect, you have decided to have a serious talk with him.What is the best thing to do?

• A) Describe in vivid detail the ravages of AIDS and other sexually transmitted diseases to scare him into safe sex practices.
• B) Instill enough fear into him to get his attention, and then explain where to get condoms and how to use them.
• C) Show him statistics about the increase in AIDS among students in high school.
• D) Buy him a book about responsible sex at the local bookstore, and mark the appropriate pages with a condom.

Discern between different standards (subjective, objective) for contract satisfaction and their legal implications.

Recognize the role of mutual agreement (accord and satisfaction, novation, mutual rescission) in modifying or discharging contracts.

Identify various types of legal and equitable damages and remedies available in contract law.

Understand the concept of equitable remedies and their origin, and differentiate them from legal remedies.

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Definitions:

Debentures

A type of debt instrument not secured by physical assets or collateral but based on the creditworthiness and reputation of the issuer.

Mortgage Bonds

Bonds secured by the pledge of specific assets, usually real estate properties, as collateral for the debt.

Yield to Maturity

The total return expected on a bond if held until its maturity date.

Reinvestment Rate Risk

The risk that future cash flows from an investment will have to be reinvested at a potentially lower interest rate, impacting the investment's overall returns.