An exception is a mechanism to trap an error that occurs in processing.
Answer the following statement true (T) or false (F)
False
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All of the following are unique characteristics of microfinance loans except
a. No collateral is needed b. Loans are usually repaid between 6 months and a year c. Only a maximum of 10% ownership equity is required in exchange for the loan d. When the loan has been repaid, the money is then “recycled” as loans to other entrepreneurs in the village
There is no set career path for becoming a project manager.
Answer the following statement true (T) or false (F)
Renee signed the Acme T-shirt Company's purchase order for an order of 200T-shirts with the picture of a polar bear wearing sunglasses on the front to sell through her retail shop
The contract contained a term that stated "Seller warrants that the goods will be of merchantable quality." On receiving the T-shirts, Renee discovered the logo of the polar bear had been printed upside-down. Which of the following statements best describes Renee's legal position? A) The court will decide whether the defective printing of the logo is a breach of a condition or a warranty. B) The Sale of Goods Act will specify whether the defective logo is a breach of condition or warranty. C) This is a breach of a condition and Renee can cancel the contract. D) The terms of the purchase order will determine if this clause is a condition or a warranty. E) Renee will be awarded pecuniary and punitive damages.
The limited liability company (LLC) has become a popular business form because of its limited liability protection for its owner. The S corporation also provides limited liability protection for its owner. What advantages does an LLC provide that are not available with an S corporation?
What will be an ideal response?