Through what kind of written instrument would Tim direct Howard to pay $600 to the order of Celeste?

A. A note
B. A dishonored draft
C. A certificate of deposit
D. A draft


Answer: D

Business

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Tax fraud:

a. results in a 25 percent penalty being added to the tax bill. b. most often is perpetrated by either overstating deductions or creating fictitious deductions. c. includes claiming personal expenses as business expenses. d. is perpetrated by approximately 75 percent of the population.

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Mena applies for a homeowners' insurance policy on her house with Neighbors Insurance Company through Obie, an agent who works for Neighbors. In this transaction, Obie is

A. an agent for both parties. B. Mena's agent, and not Neighbors's agent. C. Neighbors's agent, and not Mena's agent. D. not an agent.

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