Steven Has a Typed Copy of a Contract,which He Would

question 30

Multiple Choice

Steven has a typed copy of a contract,which he would like to have Thomas sign.Thomas,who needs glasses to read typing,doesn't want to sign until he has read the document,but Steven convinces Thomas to sign it anyway,because it is a "standard" contract for this type of situation.Is the contract which Thomas signed binding upon him?

• A) No,because he did not read it
• B) No,because he entered into it based upon fraud in the execution
• C) Yes,because he has made a unilateral mistake of law
• D) Yes,because he was negligent in not ascertaining its contents

Grasp Weber's and Marx's theories of social class and stratification.

Recognize the role of power, wealth, and prestige in determining social status.

Comprehend the impact of socioeconomic factors on social mobility and inequality.

Identify the theories explaining the distribution and exercise of power within societies.

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Definitions:

Indexed Funds

Mutual funds or exchange-traded funds (ETFs) that aim to replicate the performance of a specific index by investing in the stocks or securities that compose that index.

Bid-ask Spread

The difference between the highest price that buyers are willing to pay for an asset (bid) and the lowest price that sellers are willing to accept (ask).

Broker Fee

Fees charged by a broker for the services they provide, such as executing trades or providing investment advice.

NAV

Net Asset Value; the per share market value of a fund's assets minus its liabilities.