What is a guaranty arrangement?
A) An agreement that collateral can be sold with involvement of the court
B) An agreement by the guarantor that her property can be used to satisfy her debt if she
defaults
C) A pledge by the debtor that the loan will be paid in accordance with its terms
D) A promise to pay the debt of another if that other party fails to pay it
E) The recording of a security agreement so that others will be aware of it
D
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Under the common law, a landlord is under an obligation to provide or maintain the premises in a livable condition
a. True b. False Indicate whether the statement is true or false
Legally, shareholders of a corporation must:
a. manage the corporation b. delegate responsibility for management to hired managers c. elect all vice presidents of the corporation d. issue the employment rules of a corporation e. none of the other choices
A company seeks to maximize profit subject to limited availability of man-hours. Man-hours is a controllable input
a. True b. False Indicate whether the statement is true or false
________ are natives of a country other than the home country or the host country of an overseas subsidiary.
A. Immigrants B. Third-country nationals C. Inpatriates D. Host-country nationals E. Expatriates