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NEW QUESTION: 1
S contracted to buy a portable television from AB (Retailers) Ltd. The contract contained a term excluding liability for any breach of the condition implied by the Sale of Goods Act 1979 that the goods should be of "satisfactory quality".
Which of the following is correct?
(i) It is a criminal offence to attempt to exclude the term as this is a consumer sale.
(ii) The clause is void unless it can be shown to be reasonable.
(iii) The clause is void.
A. (iii) only
B. (i) only
C. (ii) only
D. (i) and (iii) only
Answer: D

NEW QUESTION: 2

A. Enable SQL Trace.
B. Enable a data viewer on the Data Flow path.
C. Enable logging on the Data Flow path.
D. Set a break point on the Control Flow path.
Answer: D

NEW QUESTION: 3
Which of the following is/are true for a project which needs only an initial outlay and no further expenses?
I. The shorter the payback period, the greater the liquidity of the project.
II. The discounted payback period is always more than the simple payback period.
III. The payback period rule considers all the cash flows involved in a project.
A. II & III
B. I & II
C. II only
D. I, II & III
E. I only
F. III only
G. I & III
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The payback period measures how quickly you recover your initial investment. The shorter this period, the greater the liquidity in terms of cash recovery. The payback rule ignores cash flows beyond the payback period. The discounted payback period is defined as the expected number of years that would be required to recover the original investment using discounted cash flows. Hence, (II) is true if there are no negative cash flows after the initial investment since discounting reduces the present value of the future cash flows.