As the trustee of a business trust, Dwight is required to
A. distribute the trust's profits.
B. assume responsibility for the trust's debts.
C. draft a written trust agreement.
D. none of the choices.
Answer: A
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The primary purpose of RICO was
a. to be a tool against organized crime. b. to raise revenue. c. to prosecute non-citizens. d. to prosecute those engaged in tax fraud.
On January 8, Quastrar, Inc sent Hylavian Company a letter offering to sell $10,000 in restaurant supplies. On January 18, Hylavian mailed a letter to Quastrar accepting the offer. Quastrar received the acceptance letter on January 20. On January 17, Quastrar sent a letter revoking the offer. Hylavian received this letter on January 21. A contract between Quastrar and Hylavian A) was not formed
because the revocation was effective before the acceptance was sent. B) was not formed because the revocation was effective before the acceptance was received. C) was formed on January 18. D) was formed on January 20.
Because their members share a common bond, credit unions are typically quite small; most hold less than ________ of assets
A) $500,000 B) $10 million C) $100 million D) $1 billion
When you purchase on ____________________, you buy something now but pay for it later.
Fill in the blank(s) with the appropriate word(s).