When personal property is used to back up a note, it is called a collateral note
a. True
b. False
Indicate whether the statement is true or false
True
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The corporate form of business
a. was first known and used by the Greeks and then spread through the Romans to England. b. was not known until the advent of the Industrial Revolution. c. was first allowed in the State of New York around 1811 and is considered to be an American creation. d. is a relatively new concept developed shortly after the Great Depression.
Space Trips Inc files a registration statement with the SEC before making an offering to the general public. The registration contains false, immaterial statements of which the investors are unaware. Space Trips is charged with violating the Securities Act of 1933. Space Trips's best defense is
A) the investors were not aware of the misrepresentations B) the issuer reasonably believed the misstatements were true. C) the offering was made available to the general public. D) the untrue statements were not material.
A commercial unit may be a group of items, such as a dozen pairs of socks
Indicate whether the statement is true or false
Richard worked as an assembly line worker and faced employment discrimination by his supervisors. He filed a suit against his supervisors and company under Title VI and consecutively won the case against his employers. He was most likely:? A) ?awarded back-pay
B) ?reinstated at a senior level with higher pay. C) ?awarded compensatory damages. D) ?awarded punitive damages.