The ________ is a government regulation that is increasingly being used by companies for filing lawsuits against competitors they believe are making false claims.
A. Clayton Antitrust Act
B. Lanham Act
C. Robinson-Patman Act
D. Federal Trade Commission Act
E. Wheeler-Lea Amendment
Answer: B
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Which of the following best describes the payables turnover?
A) Cost of goods sold/Average accounts payable B) Cost of goods sold +/-Change in inventory/Average accounts payable C) Average accounts payable/Cost of goods sold D) Average accounts payable/Cost of goods sold +/- Change in inventory
Alimony is the amount paid by both parties in a divorce to each other until the settlement agreement is finalized
Indicate whether the statement is true or false
Which of the following statements is true about negotiation and settlement?
A) It is a formal ADR method that delivers a verdict. B) Most lawyers attempt negotiation before taking a case to trial. C) It involves an independent or neutral third party. D) It is mandatory for both the parties to be represented by a lawyer.
Under the UCC, a holder in due course is a holder who has given value for the instrument. Which of the following holders have given value for the instrument?
a. Beth promises to paint the neighbor's house in exchange for a promissory note as an advance payment for the job. b. Steve gives a note and mortgage on his house to his attorney as a retainer to handle his pending divorce. c. Todd, a newspaper carrier, accepts a properly indorsed two-party check for the past two months of deliveries. d. All of the above are correct.