If the purpose of a licensing statute is to raise money, an agreement with an unlicensed person is
a. void.
b. valid.
c. unenforceable.
d. voidable.
B
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Which of the following is true about the Uniform Computer Information Transactions Act?
A) It establishes a uniform set of rules that governs the creation, performance, and enforcement of computer information transactions. B) State trade secret law could not apply to a contract covered by the Act. C) The Act is the exclusive source of law for the transactions that it applies to. D) It became law in all 50 states in 1999.
Jefferson Enterprises estimates that it will pay a 5% bonus on annual net income. If Jefferson reports net income of $480,000 before the calculation of the bonus, the amount of the bonus is $24,000
Indicate whether the statement is true or false
Which of the following is the BEST example of accessory equipment?
A. a parking lot B. a store display rack C. accounting services D. a river barge E. light bulbs
Option premiums increase as the term to maturity increases
Indicate whether the statement is true or false