Elvin fraudulently induces Franz, a consumer, to sign a promissory note to buy a speedboat. Elvin sells the note to Gaston, who takes it for value, in good faith, and without knowledge of the fraud. With respect to the defense against payment on the note to Elvin, Franz can
A) assert this defense against Gaston

B) file for a property exemption.
C) exercise the right of subrogation.
D) obtain a deficiency judgment.


A

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______ argued that the major activities of management and leadership are played out differently; but both are essential to an organization.

A. Jago B. Zaleznik C. Kotter D. Bass

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Answer the following statements true (T) or false (F)

The relationship between risk and return for diversified portfolios is modeled by the Security Market Line (SML).

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Ever since the organization began a group incentive program, John has noticed that his team appears more loyal to one another than they were before the group incentive program began. This illustrates which advantage of group incentives?

A. They promote better teamwork. B. They broaden individual outlook. C. They require less supervision. D. They are easier to develop than individual incentive programs.

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Sergei owns some property that has an assessed value of $242,675. Calculate the tax due if the tax rate is 51.50 mills. (Round your answer to the nearest cent if necessary) 

A. $12,497.76 B. $11,592.10 C. $1,249.78 D. $11,584.97

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