Under the UPA, in order to avoid liability, only constructive notice of a dissolution is required to be given to third parties who had no knowledge of the partnership before its dissolution
Indicate whether the statement is true or false
False
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Answer the following statements true (T) or false (F)
According to SFAS No. 115, the fair market value method applies for investments of less than 50 percent where market values are readily determinable
Pledges of accounts receivable are normally made on a nonnotification basis, meaning that a customer whose account has been pledged as collateral is not notified
Indicate whether the statement is true or false
Donna defaulted on her loan owed to Second State Savings and Loan. The loan was secured with Donna's car. Donna used the car for personal and family reasons. Which statement is correct?
A)Second State may take Donna's car without a court order if this can be done without a breach of the peace. B)Second State may take Donna's car without a court order even if it means a breach of the peace. C)Second State may not take Donna's car because it is a consumer good. D)Second State may not take Donna's car because perfection was automatic.
List the five ethical blind spots listed in the text under Component 2.
What will be an ideal response?