Discuss the legal concepts of express and implied warranties

Assignment Help Financial Management
Reference no: EM131185379

After reading Exodus 22:7-15 (and other relevant biblical passages you may locate), discuss the legal concepts of “express” and “implied” warranties (pages 447-448 and 458-463of the text) and relate these concepts to the biblical instructions concerning business responsibility for the performance of, and damages caused by, products sold to the public.

Reference no: EM131185379

Questions Cloud

Calculate standard deviation of return for five alternatives : SOUTHEASTERN SPECIALTY, INC. (SSI), is a for-profit corporation formed by physicians in the College of Medicine at Southeastern University. Calculate the expected rate of return on each of the five investment alternatives listed in Exhibit 1. Based s..
Compute the required return : Assume that last year, Coca-Cola paid a dividend of 1.10 and it currently trades for $41.00. Assume the dividend continues to grow at 10% annually. Write a one page paper explaining the following: 1) Compute the required return (formula 10-10, p. 302..
Pricing stock issues in an ipo : Zang Industries has hired the investment banking firm of Eric, Schwartz, & Mann (ESM) to help it go public. Zang and ESM agree that Zang's current value of equity is $61 million. Zang currently has 3 million shares outstanding and will issue 1 millio..
Discuss the legal concepts of express and implied warranties : Discuss the legal concepts of “express” and “implied” warranties (pages 447-448 and 458-463of the text) and relate these concepts to the biblical instructions concerning business responsibility for the performance of, and damages caused by, products ..
Prepaid expenses-equipment-furniture and fixtures : Orville T. Jaden, a self-proclaimed aficionado of all things relating to the sandwich, opened TJ’s Sandwich Shop in Springville, USA on March 1, 2014. Set up appropriate T-accounts for Cash, Accounts Receivable, Supplies, Inventory, Prepaid Expenses,..
What is the stock dividend yield and P-E ratio : At the end of 2015, suppose the firm pays out 40% of earnings as a cash dividend, retaining the rest to reinvest. Imagine 20% of the reinvested funds are used to increase current assets, and 80% to increase long term assets. If there are 10 million s..
More conservative assets and your annual expected return : You are going to retire in 40 years. After retirement, you need $80,000 at the end of year for 25 years. How much do you have to save for your retirement every month? Assume that you deposit your money at the end of month for 40 years and 8 percent i..
Use as the revenue portion of her budget : Jennifer Caratini has recently accepted the job as the Foodservice Director for Techmar Industries, a corporation with 1000 employees. Since employees do not pay for their food directly, what will Jennifer use as the “revenue” portion of her budget? ..

Reviews

Write a Review

Financial Management Questions & Answers

  Find values-using the equations

Find the following values, using the equations, and then work the problems using a financial calculator to check your answers. Disregard rounding differences. If you are using a financial calculator, you can enter the known values and then press the ..

  What is the risk-free rate of return

The expected return on HiLo stock is 14.65 percent while the expected return on the market is 13.5 percent. The beta of HiLo is 1.21. What is the risk-free rate of return?

  Concerning the return on stock-compute your expected return

Given the following probability distribution describing your expectations concerning the return on this stock, compute your expected return?

  What are the potential benefits for the firm from using fdi

Motives for FDI. Starter Ltd (UK) produces sports- wear that is licensed by professional sports teams. It recently decided to expand in Europe. What are the potential benefits for this firm from using FDI?

  What is the duration of portfolio

What is the duration of this portfolio given the duration answers you got in the previous problems:

  Which asset type is the riskiest

Explain how Level 1, Level 2, and Level 3 assets differ. Which asset type is the riskiest? Explain why.

  What is the effective cost of borrowing in case

Your firm has an average collection period of 32 days. Current practice is to factor all receivables immediately at a discount of 1.3 percent. What is the effective cost of borrowing in this case? (Do not round intermediate calculations. Enter your a..

  Whole foods market than at the fairway supermarket

At the 0.01 level of significance, is there evidence that the mean price is higher at Whole Foods Market than at the Fairway supermarket?

  The current value of the lease

Your car dealer is willing to lease you a new car for $379 a month for 84 months. Payments are due on the first day of each month starting with the day you sign the lease contract. If your cost of money is 4.8 percent, what is the current value of th..

  What is the expected return of your portfolio

Stock J has a beta of 1.29 and an expected return of 13.61 percent, while Stock K has a beta of 0.84 and an expected return of 10.55 percent. You want a portfolio with the same risk as the market. What is the portfolio weight of each stock? Stock J S..

  Returns given the various states of the economy

The stock of Uptown Men's Wear is expected to produce the following returns given the various states of the economy. What is the expected return on this stock? Probabilities: Recession:0.4 Normal:0.4 Boom:0.2 Returns: Recession:-11% Normal:12% Boom:2..

  Arithmetic return and geometric return

A stock has had returns of 13 percent, 20 percent, 22 percent, −11 percent, 27 percent, and −5 percent over the last six years. What are the arithmetic and geometric returns for the stock? (Do not round intermediate calculations. Enter your answers a..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd