Author Question: When the maker promises to repay the note in specified installments, the note is a: a. fixed ... (Read 129 times)

james9437 · **on:** Jun 24, 2018

When the maker promises to repay the note in specified installments, the note is a:
a. fixed payment note b. property note
c. collateral note
d. real estate property note
e. none of the other choices are correct

Question 2

To develop a network of dealers, Hummer vehicles are sold only at one dealership per city. Other dealers want the vehicles to sell, but are refused. The existing dealers earn high profit margins due to the lack of local competition. Under antitrust law, this arrangement is likely to be found:
a. legal because producers are free to sell their products any way they wish
b. legal because this will let Hummer, which has a small market share, become a better competitor
c. illegal because producers must make their products available at the same price to whoever wants to buy d. illegal because producers may not exploit profit margins
e. illegal as a boycott of willing dealers