Showing personal bias is one method to attack the credibility of a witness
a. True
b. False
a
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A debenture is less secure than a subordinated debenture
Indicate whether the statement is true or false.
Typically individual stockholders are not held responsible for the actions of a corporation. Exceptions usually relate to comingling of funds, underinsuring, or similar actions by the corporate leadership. This is called:
a. risking liability b. piercing the corporate veil c. the privilege of the stockholders d. free market trading of stocks
Spuds Corporation buys from Tater Farms, Inc, a potato crop that Tater plans to plant and harvest during the next growing season. Spuds plans to sell the potatoes to Tasty Foods Restaurants. After the potatoes are planted, but before they are harvested, an insurable interest in the crop ex-ists in A) Spuds and Tater, but not Tasty Foods
B) Spuds, Tater, and Tasty Foods. C) Tater only. D) none of the choices.
Forbearance is a process that allows a lender to legally repossess and auction off the property securing a loan.
Answer the following statement true (T) or false (F)