1.Which of the following terms would be included in the covenants section of a contract?

a."The loans being sold were made to borrowers with at least a 650 credit score."

b. "Buyer promises to pay Seller a sum in the amount of $15,000,000 (fifteen million dollars) for the loans listed in Appendix A."

c. "Seller assigns all rights to the loans being sold to Buyer."

d. "This contract shall be governed by the laws of the State of Ohio."

2.Which of the following statutes governs a company charging different prices to different buyers?

a. Sherman Act

b. Taft-Hartley Act

c. Robinson-Patman Act

d. Clayton Act

3.Which of the following federal statutes would have a business concerned with removal of hazardous waste?

a. Resource Conservation & Recovery Act

b. Clean Water Act

c. Clean Air Act

d. National Environmental Policy Act

4.Which of the following is mandated by the Clean Air Act?

a. Environmental Impact Plan

b. TDML Plan

c. Superfund Clean-Up Plan

d. State Implementation Plan

5.What is the primary element that distinguishes a gift from a bailment by agreement?

a. consideration

b. intention

c. ownership

d. possession