Usury laws:
a. prohibit charging excess interest on loans.
b. are designed to protect banks.
c. restrict the agreements on free trade.
d. are enforceable if reasonable in time.
a
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Answer the following statements true (T) or false (F)
1. When a company invests in equity securities with 20% to 50% ownership in the investee's voting stock, the investor can significantly influence the investee's decisions. 2. Investments accounted for by the equity method are recorded at cost at the time of purchase. 3. Significant influence equity investments must be accounted for using the equity method. 4. Under the equity method, the Equity Investments account is debited for the receipt of a dividend because the dividend increases the investee's equity.
An agent is authorized to act on behalf of a principal in doing business with third parties.
Answer the following statement true (T) or false (F)
Laird is an employee ofMotor Parts, an auto parts store. On the orders of his employer,heswitches trademarks on parts that come into the store to be sold to consumers. This is most likely A) burglary
B) robbery. C) larceny. D) obtaining goods by false pretenses.
The requirements for a patent include all of the following EXCEPT A) the invention must be novel
B) the invention must be nonobvious. C) the invention must be commercially valuable. D) the invention must be useful.