The concept of the Third-Party Beneficiary Test was established by which court case?
a. Credit Alliance Corp. v. Arthur Andersen & Co..
b. Ultramares Corp. v. Touche.
c. Citizens State Bank v. Timm, Schmidt, & Co..
d. Rosenblum v. Adler.
b
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First Finance Company filed its financing statement for a purchase money security interest in Donald's lawn tractor on March 1 . Donald purchased the lawn tractor on February 21 . If Donald files for bankruptcy on February 28, the trustee will have priority because the bankruptcy petition is filed before the creditor perfects
a. True b. False Indicate whether the statement is true or false
For weeks, Amy had been trying to come up with a creative approach to advertise light bulbs. One morning, a great idea for a creative light bulb advertising campaign just seemed to pop into her head. She picked up a note pad and wrote down her thoughts. In terms of the creative process outlined by Graham Wallas, Amy experienced the ________ step.
A. incubation B. illumination C. verification D. immersion E. revision
Jenkin's Card Shop had net income of $77,000 this year with owner's equity of $108,000. What is the return on investment for the year?
A) 140.3% B) 71.3% C) 40.3% D) 28.7%
The goal of a not-for-profit organization is to
A) eventually advance to for-profit status. B) earn a profit for its owners. C) use any money it makes to further the cause or association it promotes. D) deliver products or services that benefit corporations.