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Indicate whether the statement is true or false
TRUE
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To act contrary to a partnership agreement, ________.
A. approval of senior partners is required B. vote of the majority prevails C. unanimous agreement is required D. implied authority by RUPA is provided
A holder can convert a blank indorsement into a special indorsement by adding his or her signature on it
Indicate whether the statement is true or false
Compare the following statements to determine which one accurately depicts how income is distributed across the U.S. population.
A. Over the past several decades, there has been a robust shift in the lowest wage earners moving upward to the middle class. B. Income for the middle class in the United States has consistently grown faster than any other wage-earning bracket. C. Over the past several decades, there has been little shift in any of the wage-earning brackets of the U.S. population. D. The top wage earners of the U.S. population are earning only a small percentage of the country's adjusted gross income. E. Over the past several decades, income for the highest wage earners grew at a much quicker pace than for households in the bottom wage-earning bracket.
Which of the following best describes an order bill of lading?
A. It is a bill of lading that is negotiable. B. It is a bill of lading indicating that the goods have been properly loaded on board the carrier's ship. C. It is a bill of lading indicating that some discrepancy exists between the goods loaded and the goods listed on the bill. D. It is a bill of lading issued to a named consignee that is not negotiable.