Which of the Following Is the Most Accurate Statement

question 195

Multiple Choice

Which of the following is the most accurate statement?

• A)In the late 1970s, the late 1980s and early 1990s, the GDP deflator showed high rates of inflation, but the consumer price index showed low rates of inflation.
• B)In the late 1970s, both the GDP deflator and the consumer price index showed high rates of inflation, and in the late 1980s and early 1990s, both measures showed low rates of inflation.
• C)In the late 1970s, both the GDP deflator and the consumer price index showed low rates of inflation, and in the late 1980s and early 1990s, both measures showed high rates of inflation.
• D)In the late 1970s, the late 1980s and early 1990s, both the GDP deflator and the consumer price index showed high rates of inflation.

Distinguish between the legal concepts of title, risk of loss, and insurable interest.

Understand the implications of fraud and voidable title in sales transactions.

Comprehend the requirements and effects of firm offers and contracts within the UCC.

Analyze the role of documents of title in transferring title and risk of loss.

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Definitions:

Ultra Vires Doctrine

A principle stating that acts performed beyond the powers or authority granted by law or under a corporate charter are void or voidable.

Authorized Conduct

Actions or behaviors that are officially approved or sanctioned by an authoritative entity.

Corporation Statutes

Laws enacted by a legislature that dictate the formation, organization, and governance of corporations.

MBCA

Stands for the Model Business Corporation Act, which is a model set of laws prepared by the Committee on Corporate Laws of the American Bar Association, guiding the governance and regulation of corporations in the United States.