One of the requirements for the assumption of the risk defense is that the plaintiff ________.
A. had a general knowledge of the risk involved
B. had knowledge of the specific risk
C. had no knowledge of the risk involved
D. had been defrauded with regards to the risk involved
Answer: B
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Ownership of debt instruments of the government and other companies that can be readily converted to cash are best reported as:
a. long-term investments. b. cash. c. marketable securities. d. intangibles. e. inventory of near-cash items.
Which of the following statements is true regarding an agency by estoppel?
a. The principal is liable to a third party who has a reasonable belief that an agency has been created. b. The principal is never liable because her identity is undisclosed to the third party. c. An agency by estoppel is a legitimate agency based on a contract between the principal and the agent. d. An agent lacks right to compensation in an agency by estoppel.
The Maloney Act led to the creation of
A) the Securities and Exchange Commission (SEC). B) the American Arbitration Association (AAA). C) the National Association of Securities Dealers (NASD). D) the Securities Investor Protection Commission (SIPC).
If two events are independent, what is the probability that they both occur?
a. 0 b. 0.50 c. 1.00 d. This cannot be determined from the information given.