Bryn, Cornell, and Duke are general partners in Equity Lending, a consumer credit, mortgage, and investment firm. Their agreement states that it is a breach of the agreement for any partner to assign his or her interest to a creditor without the consent of the other partners. Cornell's assignment of his interest in Equity Lending to Financial Consultants Corporation results in?
A) nothing with
respect to Cornell or Equity Lending.
B) the automatic termination of Equity Lending's legal existence.
C) Cornell's liability for all of Equity Lending's debts.
D) Cornell's wrongful dissociation and liability for any damages.
D
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Which is the best definition of scienter?
a. Fraudulent conduct in the purchase of a security. b. A causal connection between a misstatement and a material loss. c. A material omission of facts. d. A wrongful state of mind when making a misrepresentation.
When a mortgagor cannot make the payments for his or her mortgage, the mortgagee will seek a ________
A) garnishment order of the court for the mortgagor's wages B) court-ordered sale of the mortgaged property C) mechanic's lien on the mortgaged property D) loan guarantee from the mortgagor
Which sentence is expressed correctly?
A) The language used in instant messaging is called "IMglish"; however, it should be used sparingly in business correspondence. B) The language used in instant messaging is called "IMglish;" however, it should be used sparingly in business correspondence.
In a condemnation, a court order specifies what compensation is just for the property owner and awards title to the government
Indicate whether the statement is true or false