State X hired Build-Right Construction to build a bridge. State X required that construction be completed within 2 years after the contract was signed. Les Johnson is the president of Build-Right
State X required that Build-Right's promise to perform be guaranteed by a third party. Build-Right purchased a performance bond from Rock Solid Indemnity. The bond requires Rock Solid to be responsible if Build-Right does not have the project completed on time. In this scenario, which party is the obligee?
A) State X
B) Build-Right Construction
C) Les Johnson
D) Rock Solid Indemnity
Answer: A
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An ex post facto law is
A. a criminal law that is based on federal common law. B. a state criminal law that conflicts with a federal criminal law and is overruled by the federal law. C. a criminal law that takes effect at some specified time in the future. D. a law that criminalizes an act that occurred before the law was enacted.
The conflicting adages "too many cooks spoil the broth" and "two heads are better than one" reflect a dialectic, or tension.
Answer the following statement true (T) or false (F)
In ethically ______ organizations, ethical considerations are disconnected from most organizational decisions.
Fill in the blank(s) with the appropriate word(s).
Under Section 24 of the Securities Act of 1933, the maximum penalty is imprisonment for:
A) Ten years. B) One year. C) Two years. D) Five years. E) Twenty years.