Commercial paper is:
A. a public offer by a bidder to purchase a target company's equity securities.
B. any unit of goods that is treated by commercial usage as a single whole.
C. a way to either issue immediate payment or to extend credit.
D. the basic selling document of a 1933 Act registered offering.
Answer: C
You might also like to view...
Disenfranchisement refers to the loss of the right to vote:
A. that might result from the conviction of a felony. B. as a result of a felony charge. C. as a result of misdemeanor. D. due to the social stigma accompanying a criminal conviction.
Invoices are documents prepared by a vendor and sent to the accounting department of its customers
Indicate whether the statement is true or false
Ethnocentrists believe that their cultural background is the correct way to analyze problems
Indicate whether the statement is true or false.
Agnes plans to file for bankruptcy under Chapter 7 . One month prior to filing, Agnes gives Joe's Filling Station $700 to apply to her gas bill. Joe has been so kind to let her charge the gas she needed for her car over the past year. The bankruptcy trustee appointed to the case
a. can cancel the payment to Joe as a fraudulent transfer. b. cannot cancel the payment to Joe because it is payment for an existing debt. c. cannot cancel the payment to Joe because he is not an insider. d. can cancel the payment to Joe as a voidable preference.