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Whatsamatter U

question 65

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Whatsamatter U.has just fired Mike,professor who has been very critical of the administration,even though he has been a very effective and popular professor.He has also won numerous awards for his research.A school that Mike has applied to has asked for a reference and the president of Whatsamatter U.,intending to hurt Mike's career,replies by letter that Mike was a poor teacher,hated by his students and did research of questionable quality.Mike does not get the job because of the poor reference.If Mike finds out about the reference,he can likely succeed in suing on the basis of:


Definitions:

Interest Rate

The percentage at which interest is paid by a borrower for the use of money, or the amount a lender charges for the borrowing of money.

Contract Rate

The agreed-upon interest rate specified in a loan or bond agreement.

Market Rate

The current price at which an asset or service can be bought or sold in a given market.

Quoted

The stated price or rate for a financial instrument or commodity in the marketplace.

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