"Every null sequence is a bounded sequence. For - choose epsilon=1 - we have the |Z_nu|<1 for nu > mu, and hence the |Z_nu| is less than or equal to K = max(1, |Z_0|, ... ,|Z_mu|)."
Recall that a null sequence converges to zero. In order to show that every null sequence is bounded you need to show that the absolute value of each term is smaller than constant. The point of your first bullet is that this can be done in two steps.
Step 1: Pick

. Because of the convergence we can find an integer N such that
Step 2: So now we know that infinitely many of the terms (not all of them) are bounded. What about the ones for

? Since there are finitely many of them, we can deal with them rather simply. Let
Then, for
any integer n, we are guaranteed to have
so every term in the sequence is bounded.
For your second question, this
"2.Let {|Z_nu|} be a null sequence. Suppose that for a fixed K the terms of a sequence {Z'_nu} under investigation satisfy the condition that, for all nu after a certain stage mu',
|Z'_nu| is less than or equal to K|Z_nu|."
doesn't seem to be complete - is there something that follows? This simply states that you have two sequences,

and

and, after some
point

, you have
i.e. -
ultimately all the terms of one sequence are bounded by those of the other. Is there some conclusion that you are supposed to find from this result?