Anita owes Brad $75,000 . Brad signs a written statement granting Cal a gratuitous assignment of his rights from Anita. If Brad dies prior to delivering the statement to Cal:
a. Brad's death has no effect on the assignment.
b. the assignment is terminated upon Brad's death.
c. the signing of the statement makes the assignment irrevocable.
d. the assignment is invalid, because it is gratuitous.
b
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Which of the following categories of investments can be debt but not equity securities?
A) Trading securities B) Held-to-maturity securities C) Available-for-sale securities D) Both trading and available-for-sale securities
Consider two mutually exclusive projects X and Y with identical initial outlays of $600,000 and useful lives of 5
years. Project X is expected to produce an after-tax cash flow of $180,000 each year. Project Y is expected to generate a single after-tax net cash flow of $1,015,000 in year 5. The discount rate is 14 percent. a. Calculate the net present value for each project. b. Calculate the IRR for each project. c. What decision should you make regarding these projects?
Which of the following is correct with respect to negotiability?
A) The writing requirement means that a check must be written on paper. B) An order or promise to pay only out of a particular fund is permissible under Revised Article 3. C) Money must be in U.S. dollars. D) A negotiable instrument must be payable at a definite time.
What is the Garman-Kolhagen model of foreign currency option pricing?
What will be an ideal response?