Subrogation includes:
a. creditor's rights against the principal debtor, but not including the creditor's priorities in a bankruptcy proceeding.
b. no rights against cosureties.
c. no rights against co-makers.
d. creditor's rights in security of the principal debtor.
d
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______ life is said to be a game against the fabricated nature of the technical, mechanical, rationalized, and bureaucratic world directed toward dominating the environment.
A. Preindustrial B. Industrial C. Postindustrial D. Neo-industrial
Which of the following statements are correct in respect to high-yield bonds?
I. They are junk bonds with highly unpredictable rates of return. II. The issuing corporation usually has an excessive amount of debt. III. They possess a high level of default and market risk. IV. They are often subordinated debentures. A) I, II and III only B) II, III and IV only C) I and III only D) I, II, III and IV
IPM Inc. and Zeta Company formed IPeta Inc. by transferring business assets in exchange for 1,000 shares of IPeta common stock. IPM transferred assets with a $675,000 FMV and a $283,000 adjusted tax basis and received 600 shares. Zeta transferred assets with a $450,000 FMV and a $98,000 adjusted tax basis and received 400 shares. Determine IPM and Zeta's tax basis in their IPeta stock and IPeta's aggregate tax basis in the transferred assets.
A. IPM's basis $283,000; Zeta's basis $98,000; IPeta's basis $381,000 B. IPM's basis $283,000; Zeta's basis $450,000; IPeta's basis $733,000 C. IPM's basis $675,000; Zeta's basis $450,000; IPeta's basis $1,125,000 D. None of the above
The pricing strategy of a multiproduct firm should be developed to:
a. optimize profits of the entire organization b. optimize the profits of the product with the largest volume c. minimize costs of the largest volume product d. none of the above