Whether an individual partner or the partnership owns certain property determines who gets it upon dissolution of the partnership and who shares in income from it
a. True
b. False
Indicate whether the statement is true or false
True
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Mark and Roger entered into a contract in which Mark agreed to sell Roger a very rare painting. The contract required Mark to deliver the painting to Roger and receive payment if the appointed art expert verifies that the painting is authentic
The art expert considers the painting to be a fake. Which of the following should be cited by Roger to discharge the contract and refuse payment? A) commercial impracticability B) impossibility of performance C) condition precedent D) condition subsequent
Even if a firm obtains all of its common equity from retained earnings, its MCC schedule might still increase if very large amounts of new capital are needed.
Answer the following statement true (T) or false (F)
________ is one of the solution to the agency problem in publicly-held corporations
A) Stock options B) Stock split C) Demotion of employee designation D) Distribution of dividends
Farrah and Grant are shareholders of Hong Kong Restaurants, Inc As shareholders, they must approve A) conducting a merger
B) deciding to pursue new business opportunities. C) none of the choices. D) negotiating a contract between management and labor.