A minor may disaffirm a contract only if the subject matter is illegal.
Answer the following statement true (T) or false (F)
False
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Under the provisions of the UCC, in order to hold the drawer liable, an uncertified check must be presented for payment within a maximum of
a. seven days. b. twenty days. c. thirty days. d. sixty days.
Under securities law, knowingly making a misstatement in company reports is punishable by which of the following:
a. fines up to $5 million b. fines up to $10 million c. up to 20 years in prison d. up to 30 years in prison e. both a and c are possible
Which one of the following statements about the critical path method (CPM) is TRUE?
a. The activity time estimates are accurate and stable. b. Activities are dependent on each other. c. Activities can be interrupted before completion. d. The project schedule defines a correct sequence of work in terms of technology and workflow.
Evaluate the following project using an IRR criterion, based on an opportunity cost of 10 percent: CF0 = -6,000, CF1 = +3,300, CF2 = +3,300.
A) reject, since opportunity cost exceeds IRR. B) accept, since opportunity cost exceeds IRR. C) reject, since IRR exceeds opportunity cost. D) accept, since IRR exceeds opportunity cost.