____ are facts and figures in raw form.
A. Data
B. Information
C. Objectives
D. Goals
Answer: A
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Randy, Joan, and Arnie are partners. Their agreement did not address dissociation nor how long the partnership would last. Randy decided to leave the partnership. What happens when Randy serves notice he intends to withdraw?
a. The partnership can either buy him out and continue in business or wind up the business and terminate the partnership b. The partnership automatically terminates c. The partnership winds down d. The partnership estoppes
The holder of a negotiable document of title to whom the document has been duly negotiated has legal title to the goods covered by the document
a. True b. False Indicate whether the statement is true or false
A bailment transfers both possession and ownership of the property
Indicate whether the statement is true or false
Helen deposits a $50 check in her account at First Bank at 4:00 on Friday. The bank is closed on Saturday and Sunday, but opens again on Monday. The midnight deadline for First Bank would be:
A) Midnight Saturday B) Midnight Sunday C) Midnight Monday D) Midnight Tuesday