RLG101H5 Final: RLG 100-FINAL EXAM QUESTIONS.doc

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lilacplatypus550

28 Feb 2012

School

UTM

Department

Religion

Course

RLG101H5

Professor

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Document Summary

Judaism, christianity and islam are sometimes referred to as the abraham religions. In the hebrew bible and koran abraham is described as a patriarch blessed by god. For the jewish he is the father of the people of israel through his son isaac. In christianity, abraham is a model of faith, his intentions to obey god by offering up isaac is seen as a foreshadowing of god"s offering of his son. Jesus: abraham made a covenent with god in genesis. God asked abraham to send a message: the first encounter of moses at mount sinai as it appears in the hebrew bible: Moses is seen as a prototype of the prophet where moses experiences the awe" feeling of prophetic experience. God called moses out of a bush and told him. Come no closer!" god declared him to remove his sandals as he is standing on holy ground.

Related Questions

Chapter 13 Assignment Law of Property: Real and Personal

Due Date: Refer to the Course Calendar

Submit questions and answers, not just your answers.

Please answer the following questions with complete sentences.

Points will be deducted if answers are not in complete sentences.

1. What are the similarities and differences between a cooperative and a condominium?

2. Sometimes courts offer multiple reasons for their decisions. The fact that the lower court offered two distinctly different reasons for granting summary judgment to the Homeowners Associations was especially important in the case of Burton Stevens v. Elk Run Homeowners. Association, Inc. Why? Please be very detailed.

3. Why might an inventor prefer to protect an invention using trade secret law rather than patent law, or vice versa?

4. The Trade-Related Aspects of International Property Rights (TRIPS) is administered by whom?

5. The patent holder has a guarantee of an exclusive monopoly on the use of the invention for how many years?

6. Many countries require a business to be what to register a domain name in the country?

7. Because of the Takings Clause of the U. S. Constitution, what are the two requirements when the government wishes to take someoneâs private property?

8. What are the bundles of rights associated with Real Property?

9. Explain everything that is included in the ownership of land.

10. List and describe the different interests in Real Property.

11. Define easement. List and describe the three different types of the easement.

12. List and describe the three types of co-ownerships.

orangewombat200

Question 1

Mary purchases a U.S. Treasury bond; the bond is:

	An asset for the government but a liability for Mary.
	An asset of the U.S. government as well as an asset for Mary.

	A liability of the U.S. government and an asset for Mary.
	An asset for Mary but not a liability of the U.S. Government.

Question 2

More detailed financial instruments tend to be:

	More costly because they will cost more to create.
	Less costly because they can be standardized more easily.

	More desirable than less detailed ones, no matter what the price.
	Less costly because all possible contingencies are covered

Question 3

Considering the value of a financial instrument, the more likely it is the payment will be made:

	The less valuable is the financial instrument because it is highly liquid.
	The more valuable the financial instrument.

	The greater the uncertainty; therefore the less valuable is the financial instrument
	The less valuable is the instrument because risk is lower.

Question 4

Most of the buying and selling in primary markets:

	Is done by the Federal Reserve.
	Is in the public view.

	Involves an investment bank.
	Is highly transparent and closely monitored by the SEC.

Question 5

Derivative markets exist to allow for:

	Cash receipts from the sale of bonds.
	Reduced information asymmetry.

	Direct transfers of common stocks for bonds.
	Reduced risk from volatile prices.

Question 6

Compound interest is the idea:

	That you get an interest deduction for paying your loan off early.
	That you get an interest deduction if you take out a loan for longer than one year.

	That interest rates will rise on larger loans.
	That you get interest on interest

Question 7

Suppose Paul borrows $4000 for one year from his grandfather who charges Paul 7% interest. At the end of the year Paul will have to repay his grandfather:

	$4,280
	$4,350

	None of the above
	$4,290

Question 8

The value of $100 left in a certificate of deposit for four years that earns 4.5% annually will be:

	$119.25
	$145.00

	$120.00
	$117.00

Question 9

The relationship between present value and the interest rate could best be described as:

	A direct relationship, they both move together
	An inverse relationship, as i increases, PV decreases.

	None of the above.
	An unclear relationship, whether it is direct or inverse depends on the interest rate.

Question 10

At any fixed interest rate, an increase in time, n, until a payment is made:

	Has no impact on the present value since the interest rate is fixed.
	Reduces the present value.

	None of the above.
	Increases the present value.

indigotrout976

Mark Sexton and Todd Story, the owners of S&S Air, Inc., were impressed by the work Chris had done on financial planning. Using Chrisâs analysis, and looking at the demand for light aircraft, they have decided that their existing fabrication equipment is sufficient, but it is time to acquire a bigger manufacturing facility. Mark and Todd have identified a suitable structure that is currently for sale, and they believe they can buy and refurbish it for about $35 million. Mark, Todd, and Chris are now ready to meet with Christie Vaughan, the loan officer for First United National Bank. The meeting is to discuss the mortgage options available to the company to finance the new facility.

Christie begins the meeting by discussing a 30-year mortgage. The loan would be repaid in equal monthly installments. Because of the previous relationship between S&S Air and the bank, there would be no closing costs for the loan. Christie states that the APR of the loan would be 6.1 percent. Todd asks if a shorter mortgage loan is available. Christie says that the bank does have a 20-year mortgage available at the same APR.

Mark decides to ask Christie about a âsmart loanâ he discussed with a mortgage broker when he was refinancing his home loan. A smart loan works as follows: Every two weeks a mortgage payment is made that is exactly one-half of the traditional monthly mortgage payment. Christie informs him that the bank does have smart loans. The APR of the smart loan would be the same as the APR of the traditional loan. Mark nods his head. He then states this is the best mortgage option available to the company since it saves interest payments.

Christie agrees with Mark, but then suggests that a bullet loan, or balloon payment, would result in the greatest interest savings. At Toddâs prompting, she goes on to explain a bullet loan. The monthly payments of a bullet loan would be calculated using a 30-year traditional mortgage. In this case, there would be a 5-year bullet. This would mean that the company would make the mortgage payments for the traditional 30-year mortgage for the first five years, but immediately after the company makes the 60th payment, the bullet payment would be due. The bullet payment is the remaining principal of the loan. Chris then asks how the bullet payment is calculated. Christie tells him that the remaining principal can be calculated using an amortization table, but it is also the present value of the remaining 25 years of mortgage payments for the 30-year mortgage.

Todd has also heard of an interest-only loan and asks if this loan is available and what the terms would be. Christie says that the bank offers an interest-only loan with a term of 10 years and an APR of 3.5 percent. She goes on to further explain the terms. The company would be responsible for making interest payments each month on the amount borrowed. No principal payments are required. At the end of the 10-year term, the company would repay the $35 million. However, the company can make principal payments at any time. The principal payments would work just like those on a traditional mortgage. Principal payments would reduce the principal of the loan and reduce the interest due on the next payment.

Mark and Todd are satisfied with Christieâs answers, but they are still unsure of which loan they should choose. They have asked Chris to answer the following questions to help them choose the correct mortgage.

QUESTIONS

4. Assume S&S Air takes out a bullet loan under the terms described. What are the payments on the loan?

5. What are the payments for the interest-only loan?

6. Which mortgage is the best for the company? Are there any potential risks in this action?

rubyturtle713

RLG101H5 Final: RLG 100-FINAL EXAM QUESTIONS.doc

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