Which of the Following Statements Is Correct with Respect to a Contract

question 51

Multiple Choice

Which of the following statements is correct with respect to a contract for the purchase of goods?

• A) Where a breach of a condition is involved, the obligation of the victim of the breach is ended and that person need not perform her side of the agreement.
• B) Where a breach of a condition is involved, the contract is still in force and the victim of the breach must still perform her side of the agreement.
• C) Where a breach of a warranty is involved, the obligation of the victim of the breach is ended and that person need not perform her side of the agreement.
• D) The purpose of the inclusion of a warranty in a sale of goods contract is to force the seller of those goods to repair the goods if they are defective.
• E) The purchaser has a claim against the manufacturer only if the goods purchased are defective.

Calculate the change in bond prices given duration and a change in yield.

Distinguish between Macaulay duration and modified duration.

Understand and apply the concept of convexity in bond pricing.

Calculate the duration of zero-coupon bonds.

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Definitions:

NAFTA

The North American Free Trade Agreement, a treaty between Canada, Mexico, and the United States that eliminated most tariffs and trade barriers between the countries.

Country Success Factors

The critical elements or conditions that contribute to the economic, social, and political success of a country.

Region Success Factors

Key elements that contribute to the achievement or performance within a specific geographical area or region.

Key

An essential element or a device used to open locks, regarded metaphorically as a crucial component or part of a larger system.