To Finance the Purchase of a Car from Giant Auto

question 35

Multiple Choice

To finance the purchase of a car from Giant Auto Sales,Hoppy signs an instrument promising to pay to "Ideal Credit Union" $18,000 with interest in installments with the final payment due May 15,2014.To be negotiable,this instrument must include on its face

• A)any conditions on the sale of the car.
• B)any conditions to the disbursement of the funds.
• C)any conditions to the repayment of the loan.
• D)no conditions.

---

Definitions:

Surround Sound Systems

Audio systems designed to create a more immersive listening experience by using multiple speakers placed around the listener to replicate a multi-dimensional sound environment.

Monopoly

A market structure characterized by a single seller controlling all supply of a good or service, with no close substitutes.

Marginal Revenue

The incremental revenue earned by selling one more unit of a good or service.

Prices

The financial requirement for buying a good, service, or asset.