Rubin writes a check drawn on his account at Clearwater Bank and payable to the order of Gwyn. The bank does not pay the check. Rubin is
a. absolved of liability on the check.
b. liable to Gwyn for the amount of the check.
c. liable to the bank for the amount of the check.
d. entitled to payment of the amount of the check from Gwyn.
B
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Which of the following is correct concerning the outline for persuasive messages?
a. Solicited and unsolicited sales messages follow the same outline steps. b. An attention-getting sentence is not essential in a solicited sales message. c. Unsolicited sales messages follow the same outline as a neutral news message. d. Solicited sales messages do not require a call for action.
How does a limited liability company (LLC) differ from a Subchapter S corporation?
A) An LLC is taxed at a higher rate than a Subchapter S corporation. B) There is no limit on the number of members in an LLC, whereas a Subchapter S corporation limits the number of members. C) An LLC is taxed as a corporation, whereas a Subchapter S corporation is taxed as a partnership. D) The liability limit for members of an LLC is higher than that for a Subchapter S corporation.
Informal contracts are usually based on their substance rather than their form.
Answer the following statement true (T) or false (F)
Ingrid is a department manager at Workboots, Inc. Ingrid starts every Monday morning with a 60-minute department meeting where each member in the department gets five minutes to report progress; share stories of success and failure; and seek general input, advice, and information. What Ingrid does every Monday morning can be described as a(n)
A. symbol. B. ceremony. C. ritual. D. espoused value. E. story.