...there must exist a valid contract. Uniform Commercial Code (UCC) Contract for the sale of goods as defined by the UCC is all things, which are moveable at the time of identification to the contract. Here, the transaction between buyer and seller involved the sale of bees and hives, which are movable and identifiable at the time of the contract; therefore, UCC rather than the Common law governs this transaction. Merchant UCC defines merchant as a person who deals in goods of the kind or otherwise by his occupation holds him/herself out as having knowledge or skill peculiar to the practices or goods involved in the transaction. Here, B stated to S, " Since you are also in the bee business and have bought bees and hives from me in the past…" This statement shows both parties deal in goods of the kind (bees and hives) or have special skill or knowledge regarding the specific goods involved in the transaction; therefore, B and S are merchants and will be held to higher standard of good faith and fair dealing. Offer An outward manifestation of present contractual intent so made as to justify another in thinking his assent is needed and will conclude it; under the UCC, only quantity is needed. Here, S unambiguously stated to B, "After much thought I have decided to sell my remaining bees and hives." However, this statement lacks the...
Words: 1588 - Pages: 7
..."I once knew a little colored boy whose mother and father died when he was but six years old. He was a slave and had no one to care for him. He slept on a dirt floor in a hovel, and in cold weather would crawl into a meal bag head foremost and leave his feet in the ashes to keep them warm. Often he would roast an ear of corn and eat it to satisfy his hunger, and many times has he crawled under the barn or stable and secured eggs, which he would roast in the fire and eat. That boy did not wear pants like you and I do, but a tow linen shirt. Schools were unknown to him and he learned to spell from and old Webster's spelling book and to read and write from posters on cellar doors, white boys and men would help him. He would then preach and speak and soon become well known. He became United States Elector, United States Marshall, United States Recorder, United States Diplomat and accumulated some wealth. He wore broadcloth and didn't have to divide crumbs with the dogs under the table. That boy was Frederick Douglass." (Taken from a speach by Frederick Douglass promoting his autobiography.) Unlike most of us, Frederick Douglass, who was born in rural Tuckahoe, sometime in February of 1818, did not have a wonderful childhood. Douglass' mother was a slave and his father was thought to have been his mother's owner. After a few weeks with his mother in the cabin pictured above, Frederick was sent to live with his grandmother whom he affectionately called Grandmother Bailey. Grandmother...
Words: 1039 - Pages: 5
...Conference Organized by The Association of American Medical Colleges Food and Drug Administration Center for Drug Development Science, at the University of California, San Francisco January 13-14, 2005 Washington, DC David Korn, M.D. Donald R. Stanski, M.D. Editors DRUG DEVELOPMENT SCIENCE ACKNOWLEDGEMENTS This is the report of a conference convened by the Association of American Medical Colleges and the Food and Drug Administration in response to the FDA white paper entitled “Innovation or Stagnation: Challenge and Opportunity on the Critical Path to New Product Development”. The conference was partially supported by the FDA. The AAMC acknowledges with gratitude the additional support provided by Abbott Laboratories, Cephalon, Inc., Eli Lilly and Company, GlaxoSmith Kline, Merck & Co. Inc., and Pfizer, Inc. The conference planning committee consisted of Drs. David Korn, Joel Kupersmith, Carl Peck, Donald Stanski, and Janet Woodcock. Figures 1 and 2 are taken from the FDA white paper. The back cover composite is derived from charts presented at the conference by Dr. Peter Corr, Pfizer, Inc. The report was designed by Douglas Ortiz, AAMC. To request additional copies of this publication, please contact: Joi Morris Association of American Medical Colleges Division of Biomedical and Health Sciences Research 2450 N Street, NW Washington, DC 20037-1127 Phone: (202) 828-0484 Fax: (202) 828-1125 E-mail: jmorris@aamc.org i DRUG DEVELOPMENT SCIENCE TABLE OF CONTENTS Acknowledgements...
Words: 14590 - Pages: 59
...(ESS) 5 Senior management in BA use the following information tools. 6 Transaction Processing Systems (TPS) 7 Roles for Management Information Systems in British Airways 8 References: 9 Entity Relationship Diagram (ERD) 10 The Entities: 11 Entities and Attributes: 11 Entities and Attributes 2 12 First cut ERD Diagram for ELRSC. 13 Normalisation Diagram 14 Requirement Specification for the E L R C System 16 Use case Description for ELRSC 18 Screen shot of use case For ELRSC. 34 Screen Shot Turnitin Report 35 1. Brief History of British Airways The purpose of this project is explore how information systems helps organisations to make decisions at different levels to achieve set objectives and...
Words: 3378 - Pages: 14
... Present cash flow compounded into the future D. None of the above 3. If the interest rate is 12%, what is the 2-year discount factor? A. 0.7972 B. 0.8929 C. 1.2544 D. None of the above 4. If the present value of the cash flow X is $240, and the present value cash flow Y $160, then the present value of the combined cash flow is: A. $240 B. $160 C. $80 D. $400 5. The rate of return is also called: I) discount rate; II) hurdle rate; III) opportunity cost of capital A. I only B. I and II only C. I, II, and III D. None of the given ones 6. Present value of $121,000 expected to be received one year from today at an interest rate (discount rate) of 10% per year is: A. $121,000 B. $100,000 C. $110,000 D. None of the above 7. One year discount factor at a discount rate of 25% per year is: A. 1.25 B. 1.0 C. 0.8 D. None of the above 8. The one-year discount factor at an interest rate of 100% per year is: A. 1.5 B. 0.5 C. 0.25 D. None of the above 9. Present Value of $100,000 that is, expected, to be received at the end of one year at a discount rate of 25% per year is: A. $80,000 B. $125,000 C. $100,000 D. None of the above 10. If the one-year discount factor is 0.8333, what is the discount rate (interest rate) per year? A. 10% B. 20% C. 30% D. None of the above 11. If the present value of $480 to be paid at the end of one year is $400, what is the one-year discount factor? A. 0.8333 B. 1.20 C. 0.20 D. None of the above 12. If the present value...
Words: 9342 - Pages: 38
..."What is the conversion factor of a US Treasury bond if securities coupon is 6 percent 1. 1 2. 2 3. 3 4. 6 2: "Which of the following are market instruments that are low risks, highly liquid, short term debt instruments issued by governments, financial institutions and corporations? 1. Derivatives 2. Financial Assets 3. Money Market Securities 4. None of the Above 2: "According to this theory, movement in financial markets depends on attitudes of investors on the business cycle. 1. Dow Theory 2. Cycle Theory 3. Elliot Wave Theory 4. None of the above 2: "Which of the following is a measure of the average change in prices of goods and represent inflation at the consumer level 1. Consumer price index 2. Implicit price deflator 3. Gross domestic product 4. None of the above 2: "What Happens when fiscal policy is paralyzed due to political statement of budget constraints 1. Revert to the economic policy established by the goverment 2. Monetary policy will be relied on 3. Opt to the financial policy 4. None of the above 2: "Which of the following statement is not true 1. Volume measure the number of contracts traded and is a good indication of the intensity of a move reflecting and demand and supply 2. When prices are raising and volume increasing, we expect the trend to continue. 3. If price are rising and volume is decreasing, the present trend may not sustain 4...
Words: 14382 - Pages: 58
...SETAS 2012 This booklet contains information about booking your mathematics skills assessment appointment, tips on taking multiple-choice exam, mathematics practice exam with answers. When you feel you are ready to take the mathematics exam, you may make an appointment by: • • • Going on-line at http://winapp.centennialcollege.ca/oat/ Calling 416-289-5300 Or in person with Enrolment Services IMPORTANT – If you have learning or medical condition, you may request special accommodations. Please contact the Centre for Students with Disabilities (CSD) at 416-289-5000 Ext. 2627. Students will meet with a CSD Counselor to discuss their concerns and make alternative arrangements for their skills assessments if special accommodations are approved. Students applying to multiple programs may only require one math exam to clear admission requirements. Please note that the Engineering math skills assessment can clear admission requirements for Business and General Arts and Science programs. On the date of your exam, please arrive on time. You will be required to show Government issued photo ID. Examples of acceptable photo ID are: • One of the following: valid passport, driver's license, photo health card, age of majority cards, citizenship card, landed card, minister's permit or a Centennial College student photo ID. The photo must not be older than 5 years. If you do not have any of the above then you may provide nongovernment issued photo ID. These could include other school...
Words: 2346 - Pages: 10
...rate. (2) Indian industry needs more flexibility as compared to the industry in developed countries. (3) WTO has set up a new committee under the chairmanship of Putin of Russia to look into the issue of subsidy and find out a solution to the problem acceptable to all the parties. (A) Only 1 (B) Only 2 (C) Only 3 (D) Both 1 & 2 (E) None of these ANS (A) 2. Which of the following statement (s) is / are true about the 11th five year plan of India ? (1) The highest priority is given to exports , education and development of steel sector. (2) The plan aims at achieving the growth at 10 % level by the end of the plan. (3) The Rashtriya Krishi Vikas Yojana is revived in such a way so that it can be achieve a growth nof 4 % for agriculture sector. (A) Only 1 (B) Only 2 (C) Only 3 (D) Both 1 & 2 (E) None of these ANS (D) 3. As per the figures released recently the Stock markets in emerging economies made handsome returns last year (2007-08). Which of the following stock markets amongst the BRIC nations registered highest increased (97 %) compared to its performance in 2006-07 ? (A) Cina (B) Brazil (C) Russia (D) India (E) None of these ANS (D) 4. Bayana which was in news recently is a place in - (A) Uttar Pradseh (B) Madhya Pradseh (C) Bihar (D) Haryana (E) Rajasthan ANS (E) 5. Which of the following statement (s) is / are correct about the Indo-Russia Bilateral Defence Ties ? (1) Both the countries have decided to produce a fifth generation fighter aircraft...
Words: 2773 - Pages: 12
...processors 3) input devices 4) memory modules 5) None of these 2. An area of a computer that temporarily holds data waiting to be processed is .......... 1) CPU 2) Memory 3) Storage 4) File 5) None of these 3. To select or unselect one word to the right 1) CTRL + SHIFT 2) CTRL + SHIFT + UP Arrow 3) CTRL + SHIFT + Down Arrow 4) CTRL + SHIFT + Right Arrow 5) None of these 4. To maximize or restore a selected window 1) CTRL + F7 2) CTRL + F10 3) CTRL + F8 4) CTRL + F9 5) None of these 5. To Copy a picture of the selected window to the clipboard 1) ALT + TAB 2) Ctrl + TAB 3) ALT + Print Screen 4) Both (1) and (2) 5) None of these 6. .......... is the key to close a selected drop - down list; cancel a comm-and and close a dialog box. 1) TAB 2) SHIFT 3) ESC 4) F10 5) None of these 7. ......... is the key we use to run the selected command. 1) SHIFT 2) TAB 3) ENTER 4) CTRL 5) None of these 8. ............ is the functional key to display save-as box. 1) F5 2) F6 3) F9 4) F12 5) None of these 9. ............ is the combination of keys to switch between the last four places that you have edited 1) ALT + CTRL + Z 2) ALT + CTRL + Y 3) ALT + TAB + Z 4) ALT + SHIFT + Z 5) None of these 10. ............ is the Keyboard shortcut key to insert auto sum 1) ALT 2) ALT= 3) ALT+ 4) ALT– 5) ALT+CTRL 11. Data becomes ................ when it is presented in a format that people can understand and use 1) processed 2) graphs 3) information 4) presentation 5) None of these 12. The term ............. designates...
Words: 4753 - Pages: 20
...finishing 10 kits per quarter. If the company chooses to vary work force levels, it will incur costs of $400 for each additional worker; $600 for each termination. The company currently has 28 employees. | |2007 - III |2007-IV |2008 - I |2008 - II | |Demand |280 |340 |360 |300 | 1. Following a pure chase strategy, production in 2008-II will be ______ kits and will require that: a. 300, six workers be terminated b. 300, six workers be added c. 320, no workers be added d. 240, five workers be terminated e. none of the above 2. Following a pure level strategy, production in 2007 – IV will be ______ units, which will result in ______ units of ending inventory at the end of that quarter. a. 340, 60 b. 320, 20 c. 340, zero d. 320, zero 3. In addition to the cost of assembling the kits, the sum of inventory holding costs and backorder costs associated with a pure level strategy would be ______ a. Zero b. $8,800 c. $4,800 d. $7,200 e. cannot be determined from the data provided 4. In following a pure chase strategy, the company would need to ______ at the start of 2008 – I...
Words: 1197 - Pages: 5
...* Question 1 0 out of 0 points | | | Which of the following is true about the agile method? | | | | | Selected Answer: | c. It is used when project teams want to use the predicative approach to a project. | Correct Answer: | d. It uses several iterations or deliveries of software instead of waiting until the end of the project to provide a product. | Response Feedback: | An agile approach is often used for projects in which the business team cannot clearly express the scope early in the product life cycle, but the team does want to provide a potentially shippable product earlier rather than later. An agile project team typically uses several iterations or deliveries of software instead of waiting until the end of the project to provide one product. | | | | | * Question 2 0 out of 0 points | | | Which of the following is a pre-initiation task? | | | | | Selected Answer: | b. Developing a business case for a project | Correct Answer: | b. Developing a business case for a project | Response Feedback: | It is good practice to lay the groundwork for a project before it officially starts. Senior managers often perform several tasks, sometimes called pre-initiation tasks which include the development of a business case for a project. | | | | | * Question 3 0 out of 0 points | | | A sprint review is a meeting in which the team demonstrates to the product owner what it has completed during the sprint. | | | | | Selected...
Words: 7880 - Pages: 32
... b. There are only a few companies in t he industry c. These industries offer only few products X d. None of the above | | Question 2. 2. In a purely competitive industry (Points : 1) | a. Products are differentiated b. A large amount of advertising occurs c. Price will be higher than in other market structure X d. None of the above | Question 3. 3. A used lawn mower is an example of (Points : 1) | a. a search good X b. an experience good c. a homogenous good d. None of the above | Question 4. 4. The problem of asymmetric information can be overcomed by (Points : 1) | a. Reputation b. Brand name c. Warranties X d. All of the above e. None of the above | Question 5. 5. The CAPM can be used to: (Points : 1) | a. Determine a company's cost of using bonds to raise capital b. Estimate the rish premium a company must pay to raise money by issuing stocks c. Shows the relation between risk and return for stocks in thewhole market d. Can not be used to determine a company's cost of issuing stocks X e. b and c | Question 6. 6. Given TC=10+5Q, ED=-2, what price will a monopolist charge? (Points : 1) | a. 5 b. 12 c. 8 X d. 10 e. None of the above | Question 7. 7. The monopolist determines optimal output the same way as does a purely competitive industry...
Words: 1627 - Pages: 7
...f. two of the above. g. none of the above. 2. According to ethical subjectivism is the idea that a. there is such thing as objective right and wrong. b. there is no such thing as objective right and wrong. c. there are moral absolutes. d. sometimes there are moral absolutes and sometimes there are not. e. all of the above. f. two of the above. g. none of the above. 3. According to ethical subjectivism when we say that actions are evil a. we are only saying that we have positive feelings about them. b. we are only saying that we have negative feelings about them. c. we are only saying that sometimes we have positive feelings and sometimes we have negative feelings about them. d. all of the above. e. two of the above. f. none of the above. 4. Ethical subjectivism begins with the idea of David Hume that a. morality is a matter of fact rather than sentiment. b. morality is a matter of rationality rather than sentiment. c. morality is a matter of sentiment rather than fact. d. sometimes morality is a matter of sentiment, sometimes a matter of rationality. e. all of the above. f. two of the above. g. none of the above. 5. The simplest version of simple subjectivism is, when a person says something is morally bad a. this means that he or she sometimes approves of it and sometimes disapproves of it. b. this means that he or she approves of it. c. this means that he or she never disapproves...
Words: 1771 - Pages: 8
...|UNITED NATIONS DEVELOPMENT PROGRAMME | | | | | | | | | | | | | |Personal History Form | | ...
Words: 2559 - Pages: 11
...right to do it. They are general commands by people who themselves are not bound by them and who can also force obedience from everyone else. | Correct Answer: | [None] | Response Feedback: | [None Given] | | * Question 2 10 out of 10 points | | | Identify and explain the various sources of American law. (150 word guideline). | | | | | Selected Answer: | American law has a ranking system specifically associated with it. For Americans to know which body of law must prevail if there is a direct or even indirect conflict, this system is necessary. There are several primary sources of American law. The U.S. Constitution and decisions by the U.S. Supreme Court interpreting the U.S. Constitution, federal statues and treaties and as well as federal administrative law. The federal case law is to interpret anything outside of the U.S. Constitution. The federal law is also superior to all sources of state law. This is required by the Supremacy Clause of the U.S. Constitution. There are as well as state constitutions, state statues, state administrative law, state case law as well as local ordinances. All treaties are federal and so states are not permitted to sign treaties with any other country and local governments derive their power from state governments as well. | Correct Answer: | [None] |...
Words: 8648 - Pages: 35
