Under the UCC parol evidence rule, usage of trade will take priority over specific provisions in a written contract
a. True
b. False
Indicate whether the statement is true or false
False
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A fixed overhead volume variance is a noncontrollable variance
Indicate whether the statement is true or false
Which of the following is the MOST accurate statement concerning conciseness?
a. To prepare a concise passage, include only those details that the receiver needs, and state those details in the fewest possible words. b. Conciseness means that the writer should use as few words as possible when composing a message. c. Conciseness results in weakly worded passages that indicate poor writing skills. d. Conciseness is not recommended in formal business documents, such as business reports, because full disclosure is needed in such situations.
Ken loaned Barbara $8,000 and took back a note secured by Barbara's car. If Barbara files for bankruptcy when the value of the car is $4,500, what is Ken's status? He has a (n):
a. secured claim for $4,500. b. unsecured claim for $8,000. c. unsecured claim for $4,500. d. secured claim for $8,000.
Which of the following was passed in 2010 and represents the most sweeping reform of U.S. financial markets since the Great Depression?
a. The Laughlin-Glover Investor and Financial Reconciliation Act b. The Mallicoat-Whaley Consumer and Investor Securities Protection Act c. The Dodd-Frank Wall Street Reform and Consumer Protection Act d. The Barnhill-Obama Wall Street Investors Reconciliation Act