Which of the following is NOT considered to be dissolution by operation of law under the UPA?
a. Bankruptcy of a partner.
b. Expulsion of a partner according to the partnership agreement.
c. Subsequent illegality of the partnership.
d. Death of a partner.
b
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If a customer specifically asks to speak to or be served by someone else, this could be an indicator of poor listening.
Answer the following statement true (T) or false (F)
The book that contains a list of all the variable names and the code numbers associated with each possible response to each question is called the "data matrix register."
Indicate whether the statement is true or false
Mel owns a neighborhood grocery store that he would like to sell. Katrina is interested in purchasing the business, but she is concerned because she knows that Mel has built up a lot of goodwill over the years, and she wonders whether Mel might not just
open another store down the block and take all of the business from the old store with him. Katrina asks for and receives from Mel a clause in the sales agreement that Mel will not open another grocery store within a 150-mile radius of the old store for a period of at least ten years. a. What is this agreement called? b. Is the negotiated clause a valid one? Explain why or why not. c. What guidelines would a court ordinarily use in determining whether to enforce such a clause?
Sheehan Inc. is deciding whether to invest in a project today or to postpone the decision until next year. The project has a positive expected NPV, but its cash flows might turn out to be lower than expected, in which case the NPV could be negative. No competitors are likely to invest in a similar project if the firm decides to wait. Which of the following statements best describes the issues that the firm faces when considering this investment timing option?
A. The investment timing option would not affect the cash flows and therefore would have no impact on the project's risk. B. The more uncertainty about the future cash flows, the more logical it is to go ahead with this project today. C. Since the project has a positive expected NPV today, this means that its expected NPV will be even higher if the firm chooses to wait a year. D. Since the project has a positive expected NPV today, this means that it should be accepted in order to lock in that NPV. E. Waiting would probably reduce the project's risk.