Price Ceilings Are Typically Imposed to Benefit Buyers

question 36

True/False

Price ceilings are typically imposed to benefit buyers.

Understand the concept of parol evidence and its limitations in adding to or varying the terms of a written contract.

Recognize the importance of performance as a factor in the enforceability of certain agreements.

Understand the "main purpose" rule in guarantee contracts and its implications for contract enforceability.

Recognize exceptions to the Statute of Frauds that allow for the enforceability of oral contracts.

---

Definitions:

Capital Gains Yield

The change in the price of a security or investment over a specified period, excluding dividends, expressed as a percentage of the investment's initial price.

Total Return

The overall return on an investment over a specific time period, including both capital gains and dividends or interest, expressed as a percentage of the investment's initial cost.

Real Rate

The interest rate adjusted for inflation, reflecting the true return on an investment over time.

Dividend

A portion of a company's earnings that is distributed to shareholders, usually in the form of cash payments or additional shares.