_______________ Accept the Savings of Individuals and Lend Pooled Savings

question 153

Multiple Choice

_______________ accept the savings of individuals and lend pooled savings to individuals primarily in the form of mortgage loans and operate almost entirely in New England , New York, and New Jersey, with most of their assets continuing to be invested in mortgage loans.

• A) Commercial banks
• B) Thrift institutions
• C) Savings banks
• D) Credit unions

Identify and explain the exceptions to the parol evidence rule.

Distinguish between conditions precedent and subsequent in contract law.

Understand how electronic transactions are treated under laws related to the statute of frauds.

Understand the concept of fraudulent misrepresentation and its requirements, including intent and scienter.

---

Definitions:

Efficient

The quality of achieving maximum productivity with minimum wasted effort or expense.

Utility Functions

Mathematical representations that indicate the level of satisfaction or utility an individual receives from consuming different bundles of goods and services.

Clothing

Textile-based materials worn on the body, primarily used for protection, modesty, and decoration.

Food

Nutrient-rich substances consumed by organisms to provide energy and maintain life.