Illya owes Jenny $1,000. In a separate deal, Kasey owes Illya $1,000. Illya unconditionally assigns his rights in the deal with Kasey to Jenny. Illya's right to the $1,000 is then
a. unchanged.
b. extinguished.
c. incidental.
d. assigned to a court.
B
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A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as
a. a domestic subsidy. b. an export subsidy. c. an import quota. d. an export quota.
Membership in the American Institute of Certified Public Accountants (AICPA) is suspended without a hearing if a judgment of conviction is filed with the secretary of the institute as related to ________
A) the willful failure to file an income tax return B) a petty crime as defined under any state law C) a misdemeanor as defined under any state law D) an inability to file an income tax return
In a revolving credit agreement, the firm pays interest on ________
A) the full line of credit B) the unused portion of the line of credit C) the amount actually borrowed and compensating balance D) the amount actually borrowed and commitment fees on any unused portion of the loan
The law that established the Environmental Protection Agency was the
A. National Environmental Policy Act of 1970. B. Clean Air Amendment of 1970. C. Resource Recovery Act of 1970. D. Resource Conservation and Recovery Act of 1984. E. Clean Air Act Amendment of 1977.