Ratification and adoption of contracts have the same effect; they are both retroactive and both release the purported agent
Indicate whether the statement is true or false
False
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Modigliani and Miller (M&M) Proposition II states:
A) the cost of equity does not change when a firm takes on a greater proportion of debt.
B) the cost of equity increases when a firm takes on a greater proportion of debt.
C) the cost of debt increases when a firm takes on a greater proportion of equity.
D) the cost of equity decreases when a firm takes on a greater proportion of debt.
Meeting personal needs and identifying interests typically occurs in what career stage?
A. Maintenance B. Administration C. Disengagement D. Exploration E. Establishment
Which of the following statements is true about the decisions taken by an appellate court?
A) If a case is reversed, the appellate court holds a new trial. B) If a case is remanded, a new trial is conducted in a lower court. C) The lower court's decision is said to have been affirmed if the remedy granted is changed by the appellate court. D) The lower court's decision is said to have been modified if the appellate court hears oral arguments from the attorneys.
Define the term “systems.” Discuss the three categories of systems examined in this chapter.
What will be an ideal response?