Businesses can:
a. only be involved in negligence torts b. only be involved in intentional torts
c. can be involved in both negligence and intentional torts d. are always the plaintiff in intentional tort cases
e. are always the defendant in negligence court cases
c
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If Citibank quoted bid and offer rates for the Swiss franc at $.4850/$.4854, then the bank would be prepared to buy, say, 1 million francs for $485,000 and sell them for $485,400.
a. True b. False
Rent owed to the landlord is a balance sheet item for Generic Products Company. How would it most likely be classified on the balance sheet?
a. Current liability b. Long-term liability c. Current asset d. Owners' equity
The Federal Trade Commission:
A. prohibits the inclusion of restrictions on franchisees in the agreement. B. requires franchisors to explain the termination, cancellation, and renewal provisions of the franchise contract. C. requires franchisors to disclose the number of franchisees terminated in the last five years. D. prohibits certain contract provisions and franchisee practices thought to be unfair to franchisors.
Which of the following is a valid tender offer rule?
A) The offer cannot be closed after 20 business days after the commencement of the tender offer. B) The offer cannot be extended if the tender offeror increases the number of shares it will take or the price it will pay for the shares. C) Any increase in price paid for shares tendered must be offered to all shareholders, including those who have previously tendered their shares. D) A shareholder who tenders his or her shares loses the right to withdraw them prior to the closing of the tender offer.