What is a gift inter vivos?
A) a gift that is made in contemplation of death
B) a gift made during a person's lifetime that is an irrevocable present transfer of ownership
C) a gift that is to be shared by the donor and donee with the payment of consideration by the donee
D) a gift that requires a monetary payment at a set date in the future
B
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All of the following are advantages of issuing bonds rather than stock except
a. financial leverage. b. payment of bond interest is not required c. bond interest is tax-deductible. d. bondholders do not have voting rights.
_______________________________ occurs when an employer or a union goes through the motions of bargaining but does not sincerely try to reach an agreement.
Fill in the blank(s) with the appropriate word(s).
Freddibuys bike shoes from Get n' Gear Store, telling the clerk that she wants the shoes to compete in High Pace Triathlon. The shoes break apart during the competition, caus¬ing Freddito be injured in a fall. Get n' Gear most likely breached
a. an express warranty. b. an implied warranty of fitness for a particular purpose. c. an implied warranty of merchantability. d. a warranty of title.
The Trans-Pacific Partnership (TPP) is a trade agreement among 12 Pacific Rim countries, including:
A. Great Britain, New Zealand, and China. B. India, Canada, and Australia. C. Peru, the United States, and Vietnam. D. Singapore, Russia, and Chile.