A gift in a will of 100 shares of IBM stock would be an example of a
a. specific legacy.
b. general devise.
c. general legacy.
d. demonstrative legacy.
A
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Which of the following is considered to be an accrued expense?
A) A computer technician has installed the latest software updates and was paid on the same day. B) A computer technician has been paid in advance to install software updates as they become available. C) A computer technician has just signed an agreement with you regarding pricing for future work. D) A computer technician has installed the latest software updates, but you have not received their invoice for payment.
How is a cashier's check different from an ordinary check?
A) Cashier's checks can be postdated, but ordinary checks cannot be postdated. B) Unlike ordinary checks, cashier's checks do not require the purchaser to hold a checking account at that bank. C) Unlike ordinary checks, cashier's checks are cancellable negotiable instruments upon issue. D) Cashier's checks are three-party checks, while ordinary checks involve only two parties.
The parties to a sales or lease contract can expressly provide for remedies in addition to those provided in the UCC
a. True b. False Indicate whether the statement is true or false
Which of the following are used as indicators of a strong market in the future?
I. The advance-decline spread is increasing at a time when the advances outnumber the declines. II. The level of short interest is relatively high. III. The net difference of odd-lot purchases minus odd-lot sales begins increasing. IV. The trading volume increases in a declining market. A) I and II only B) III and IV only C) I, II and III only D) I, II, III and IV