Trade Related Aspects of International Property Rights (TRIPS) protects trademarks for both goods and services
Indicate whether the statement is true or false
TRUE
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Havermill Co. establishes a $450 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $93 for Office Supplies, $177 for merchandise inventory, and $42 for miscellaneous expenses. The fund has a balance of $138. On October 1, the accountant determines that the fund should be increased by $90. The journal entry to record the reimbursement of the fund on September 30 includes a:
A. Credit to Cash for $138. B. Debit to Office Supplies for $93. C. Debit Petty Cash for $312. D. Credit to Merchandise Inventory for $177. E. Credit to Cash for $450.
_________________can ensure the long-term relationship with the customer.
a. A preferred vendor status b. A paid business lunch c. Accepting a gift d. Accepting entertainment
Mike deposited $100,000 in a bank and procured a certificate of deposit on it, payable to himself, for repayment in five years with a five percent interest rate
A year after that, Mike borrowed $25,000 from Jill, and gave her a promissory note to repay it in one year. As collateral, Mike gave Jill the certificate of deposit and asked to put in a prepayment clause, to which Jill agreed. They agreed that Mike could repay in monthly payments, as mentioned in the note. If Mike defaults on the payment even after one year, which of the following is true of the foreclosure options Jill has with the certificate of deposit Mike gave her? A) The bank has to pay her only after the five-year period mentioned in the CD. B) The bank does not have to pay her for the CD. C) The bank has to pay her the difference of $75,000. D) The bank has to pay her $25,000 with one year interest of 5 percent on demand.
State courts are independent of federal courts.
Answer the following statement true (T) or false (F)