The majority rule controls decisions that significantly affect the nature of the partnership or that are outside the ordinary course of the partnership business
Indicate whether the statement is true or false
F
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Which of the following has been the result of consumers drifting away from print and broadcast news?
A) There has been no noticeable change in the media business. B) Subscriptions to satellite radio have skyrocketed. C) Advertisers have increased their traditional efforts in an attempt to lure them back. D) Many media organizations have been offering much of their content online. E) The government has intervened to bail out failing newspapers and television stations.
Which of the following statements about treaty reinsurance is true?
A) The reinsurer is required to underwrite each individual applicant that is reinsured. B) The reinsurer must accept all business that falls within the scope of the treaty. C) The ceding insurer can choose which business falling within the scope of the treaty it wishes to reinsure. D) It protects the reinsurer by requiring the ceding insurer to charge adequate premiums.
On commercial properties, leases that antedate the mortgage: A)?Need not be honored by the mortgagee
B)?Are generally void. C)?Must be honored by the mortgagee. D)?Both a and b E)?None of the above
Realized gain or loss must be recognized unless a specific Code section provides for nonrecognition treatment.
Answer the following statement true (T) or false (F)