Which of the Following Statements Best Describes the Law Merchant

question 24

Multiple Choice

Which of the following statements best describes the law merchant?

• A) The law merchant is a body of law designed to control trade practices.
• B) The law merchant is a body of law created by merchant guilds, part of which was incorporated into the common law.
• C) The law merchant was designed to protect consumers from unscrupulous merchants.
• D) Our laws relating to consumer protection are derived from the law merchant.
• E) The law merchant is another name for the Sale of Goods Act.

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Definitions:

Jensen Alpha

A performance metric that represents the average return on a portfolio or investment above or below that predicted by the capital asset pricing model (CAPM), based on the market risk.

Performance

The evaluation of the returns provided by an investment over a certain period in relation to its risk.

Portfolio Manager's Ranking

A rating or ranking system used to evaluate the performance of a portfolio manager, often based on factors such as return on investment, risk management, and adherence to investment strategy.

Comparison Universe

A benchmark or set of comparable entities or investments used to evaluate the performance of a particular asset or portfolio.