Answer the following statement(s) true (T) or false (F)
Attorney-hopping is the best way to keep legal fees to a minimum.
ANSWER: False
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Bank loan officers and the IRS will likely have different XBRL style sheets for the various XBRL filings.
Answer the following statement true (T) or false (F)
Under Section 2-207(2), if only one party is a merchant, an acceptance containing additional terms:
a. automatically becomes part of the contract unless the offeror objects within ten days. b. is considered a proposal for additions to the contract. c. is a counteroffer. d. has no effect and the contract is accepted without the new terms.
Which of the following is not a strong method of identifying business opportunities?
A. Searching through a process of identification and selection beginning with self- developed (or group-developed) ideas. B. A person has a talent for making something and decides that he or she should go into business. C. Searching through a process of identification and selection starting with research on "hot" businesses or growth areas. D. A person has an idea for a product or service and searches for a market.
Betty owes Agatha $1,000. On March 1 Agatha, for value, assigned the debt to Clara. Thereafter, on March 30, Agatha assigned the same right to Diane. Under the:
A) American rule, Clara will prevail over Diane. B) American rule, the first assignee to notify Betty will prevail. C) Restatement rule, the first assignee to notify Betty will prevail. D) English rule, Clara will prevail over Diane.