Explain the Treaty Clause of the U.S. Constitution.
What will be an ideal response?
A treaty is an agreement or a contract between two or more nations that is formally signed by an authorized representative and ratified by the supreme power of each nation.
Article II, Section 2, Clause 2 of the U.S. Constitution-the Treaty Clause-states that the president "shall have power, by and with the advice and consent of the Senate, to make treaties, provided two-thirds of the senators present concur." Under the Treaty Clause, only the federal government can enter into treaties with foreign nations. Under the Supremacy Clause of the Constitution, treaties become part of the "law of the land," and conflicting state or local law is void. The president is the agent of the United States in dealing with foreign countries.
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Bonds are sold at a premium if the:
A) issuing company has a better reputation than other companies in the same business. B) market rate of interest was less than the stated rate at the time of issue. C) market rate of interest was more than the stated rate at the time of issue. D) market rate of interest was same as the stated rate at the time of issue.
The EU Treaty prohibits discrimination based on:
a. religion. b. nationality. c. sexual orientation. d. All of the above
The failure to disclose that your college degree was withheld because of outstanding parking fines and violations is unethical
Indicate whether the statement is true or false
Bart inherited an interest in an open publicly traded corporation shortly after he graduated from high school. He has now graduated from college and would like to sell his ownership in order to purchase a house. Which of the following best describes the sale process?
A. Ease of transfer of ownership is one of the benefits of corporate ownership therefore he should have no difficulty selling his ownership interest. B. Difficulties associated with the transfer of ownership of corporate ownership are one of the disadvantages to forming a business as a corporation, therefore he will have difficulty selling his ownership interest. C. If the corporation is an S corporation he may have no difficulty selling his ownership interest in the corporation. D. Since this is a publicly traded corporation, he will have difficulty selling his stock.