Sarah Gives Her Boyfriend a Ride to Work, but on the Way

question 36

Multiple Choice

Sarah gives her boyfriend a ride to work, but on the way home is pulled over for speeding. During the issuance of the ticket, the officer notices a clear plastic bag halfway under the back passenger seat. He asks what it is and when Sarah hands it over, the officer arrests her for possession of a controlled substance with intent to sell.

• A)This type of possession would most likely be deemed: ​
• B)actual.
• C)constructive.
• D)duplicative.
• E)real.

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Definitions:

Premium on Bonds

The amount by which the price paid for a bond exceeds its face value, typically because the interest rate it pays is higher than the market rate.

Maturity

The date on which a debt or other borrowing is due to be repaid in full, or when an investment reaches its full value.

Bond's Discount

The difference between the face value of a bond and its selling price when sold for less than its face value.

Amortized

The gradual reduction of a debt over a period of time by making regular payments of interest and principal sufficient to repay the loan by maturity.