To Assimilate Indians into American Society,the Dawes Act Did All

question 155

Multiple Choice

To assimilate Indians into American society,the Dawes Act did all of the following except

• A) dissolve many tribes as legal entities.
• B) try to make rugged individualists of the Indians.
• C) wipe out tribal ownership of land.
• D) promise Indians U.S. citizenship in twenty-five years.
• E) outlaw the sacred Sun Dance.

Understand the concept of warranties and their types under the UCC and the Magnuson-Moss Act.

Differentiate between implied and express warranties and their implications on sales contracts.

Identify the role and requirements of the UCC in governing sales contracts and warranties.

Analyze the statutory limitations for bringing a lawsuit under a breach of contract governed by the UCC.

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Definitions:

M&M Proposition I

Modigliani and Miller's principle suggesting the irrelevance of financial leverage on a company's valuation in an ideal market.

Debt-Equity Ratio

A calculation of a firm's financial leverage determined by dividing its overall liabilities by the equity of its shareholders.

Interest Tax Shield

The reduction in income taxes that results from the deductibility of interest payments from taxable income.

Capital Structure

The combination of debt and equity financing that a company uses to fund its operations and growth.