State-chartered credit unions are often insured by
a. NCUSIF.
b. FDIC.
c. SAIF.
d. MSB.
a
You might also like to view...
The net income of a company for the year was $500,000. The company has no preferred stock. Common stockholders' equity was $1,200,000 at the beginning of the year and $2,300,000 at the end of the year. Calculate the rate of return on common stockholders' equity. (Round your answer to two decimal places.)
A) 21.74% B) 17.86% C) 41.67% D) 28.57%
The cognitive condition that occurs to an individual in a work organization when the demands of the role overwhelm the person’s ability to perform the task is called?
a. role conflict b. role ambiguity c. role overload d. role intention e. role creation
Which of the following is true of the Colgate doctrine?
A) It is not a violation of Section 1 of the Sherman Act. B) It is an example of a horizontal restraint of trade. C) It is a per se violation of Section 1 of the Sherman Act. D) It is a rule of reason violation of Section 1 of the Sherman Act.
On February 1, Futuristic Electronics sells and delivers $10,000 worth of computer parts to Martin Business Systems to be paid for on March 1. On February 2, Martin's ceiling leaks requiring immediate repair worth $10,000
Lewis Kuhn, the contractor, refuses to do this work without security, so Martin gives Kuhn a chattel mortgage on the computer parts to get the work done. Unfortunately, Martin goes bankrupt and does not pay Futuristic. Futuristic wants to take the computer parts back, while Kuhn wants to seize them under his chattel mortgage. Which of the following is TRUE? A) The chattel mortgage is not enforceable because Martin has not paid for the parts and therefore Futuristic still owns them. B) The chattel mortgage is enforceable because ownership (title) passed on delivery of the computer parts to Martin's premises. C) The chattel mortgage is not enforceable as it is the wrong security instrument – a general security agreement should have been used. D) The chattel mortgage is not enforceable because it was taken subsequent to Futuristic's security interest in the property – i.e. the earlier security takes priority. E) The chattel mortgage is not enforceable because Futuristic has an automatic purchase money security interest in the equipment.