When a business lends another business money, it should perfect its security interest by:
a. applying to the IRS for security
b. publish a notice in the Federal Register c. preparing its inventory for satisfaction d. obtaining a late-term guarantor
e. none of the other choices
e
You might also like to view...
In value cocreation, the customer participates in the creation of a good or service, which provides additional value to the customer.
Answer the following statement true (T) or false (F)
What is required to meet the writing requirement of the Statute of Frauds under the UCC?
A) In cases where at least one party is a merchant, either a writing signed by the party to be charged or a written confirmation of an oral agreement that is sent to the merchant and not objected to by the merchant. In transactions not involving a merchant, a writing signed by the person to be charged B) In all cases, a writing signed by the party to be charged C) In all cases, a writing signed by all parties to the contract D) In cases where both parties are merchants, a writing signed by the party to be charged or a written confirmation of an oral agreement that is sent by one party to the other and not objected to by the other party. In all other transactions, a writing signed by the party to be charged
James Krieg has finished law school but has unsuccessfully taken the bar exam twice. Krieg is running low on patience and cash. He has begun writing wills to see him through this time of crisis and is charging $200 per will. Some of his will clients have refused to pay Krieg and he wishes to take them to a small claims court. Which of the following statements is true?
A) Krieg could recover the fees on a quasi-contract theory. B) Krieg could recover the fees since the licensing after the bar exam is simply to raise funds. C) Krieg agreements are voidable. D) Krieg agreements are void.
Matthew and Addison are married and live in Michigan, a common-law state. For the holidays Addison gave cash gifts of $40,000 to each of her two sons, and Matthew gave $40,000 to his daughter. What is the amount of Addison's taxable gifts if Matthew and Addison opt to gift-split?
A. $10,000. B. $45,000 C. $15,000. D. $18,000. E. None of the choices are correct.