Assume that three automobile manufacturers all merged into one car company. Such a merger would be a
a. vertical merger.
b. vertical cooperative arrangement merger.
c. horizontal merger.
d. intracompetitive merger.
c
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An employee from Hamid's Automobile Inc. called up Horner's home to repair the latter's car. It was repaired in Horner's garage. When Horner defaulted on the bill, Hamid's employee went to his house to take possession of the car, claiming that the corporation had a lien on the car by virtue of the work performed on it. According to this scenario, which of the following statements is true?
A. The corporation has no lien on the car because the employee did not notify Horner at the time of the repairs that a lien would be claimed. B. The employee is entitled to the possession of the car because he was the one who performed the repairs on the car. C. Hamid's employee is justified in his actions as the corporation did have a lien on the car by virtue of the work performed on it by its employee. D. The corporation has no lien on the car, because its employee came to Horner's house to make the repairs and so Horner never gave up possession of his car to Hamid's.
Jessica received a gift of $7700 at the time of her high school graduation. She invests it in an account that yields 10% compounded semi-annually. What will the value of Jessica's investment be at the end of 5 years? (PV of $1, FV of $1, PVA of $1, and FVA of
$1) (Use appropriate factor(s) from the tables provided.) A. $8470.00 B. $9625.00 C. $11,550.00 D. $10,780.00 E. $12,542.53
A payor bank is required to dishonor an uncertified check that is more than six months old
a. True b. False Indicate whether the statement is true or false
A young woman let a strange man into her motel room and was assaulted by him. She sued the motel. Because she was found 97% responsible, the motel did not have to pay her anything
a. True b. False Indicate whether the statement is true or false