Which of the following statements is true of a guaranty contract?
A) The guaranty contract is between the guarantor and the debtor.
B) A guaranty contract need not be in writing.
C) The guarantor's liability is secondary.
D) The original contract is between the creditor and the guarantor.
C
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The allure of the Latin American market has been its:
A) lack of inflation. B) considerable size. C) rapid economic growth. D) low foreign debt. E) protectionism.
Review reports issued by auditors give positive assurance as to the fair presentation of financial statements
a. True b. False Indicate whether the statement is true or false
Which of the following sentences is not true?
A) Actual overhead costs always enter the Work-in-Process account. B) The cost of a job includes direct materials, direct labor, and applied overhead. C) When a job is complete, it must leave Work-in-Process and be entered into Finished Goods or Cost of Goods Sold. D) All of these are true. E) None of these is true.
Divorce, adoption, and other matters controlled by the state government are examples of:
a. matters over which state courts have ultimate jurisdiction b. matters over which federal courts have relative jurisdiction c. matters over which state courts have subjective jurisdiction d. matters over which federal courts have exclusive jurisdiction e. none of the other choices are correct