Timeshare buyers have the right to rescind a transaction within what timeframe after signing the purchase contract?
A. 1 day
B. 3 days
C. 7 days
D. Never
C. 7 days
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Which of the following elements is important not only to consider the obvious options with regard to a particular dilemma, but also the much more subtle ones that might not be evident at first glance?
A. Moral imagination B. Normative imagination C. Intentional deliberation D. Descriptive imagination
Barnhill, Inc uses straight-line depreciation for its equipment with an estimated useful life of 10 years and zero residual value. The CEO points out that the equipment will last much longer than 10 years, perhaps up to 20 years. What is the impact on earnings per share and net income of depreciating equipment over 20 years rather than 10 years?
a. Both earnings per share and net income will decrease. b. Both earnings per share and net income will increase. c. Earnings per share will decrease and net income will increase. d. Earnings per share will increase and net income will decrease.
The Federal Trade Commission (FTC):
A. cannot order federal courts to award redress. B. does not have power to regulate unfair and deceptive practices in cyberspace. C. has authority to decide whether specific marketing and sales practices are unfair or deceptive. D. can find that a seller engaged in unfair trade practices only if the seller violated one of the federal laws the FTC is empowered to enforce.
Warren and Spencer are partners in a drilling operation. Warren purchased a drilling rig to be used in the partnership's operations. Is this purchase binding on Spencer even though he was not involved in it? Explain your answer