A "private placement" involves no public offering and is exempt from registration
Indicate whether the statement is true or false
True
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Under Section 2 of the Clayton Act, rather than making a presumption whether monopoly
power exists, the courts will examine all the facts and circumstances to determine whether monopoly power exists when the defendant holds between ________ percent and ________ percent of the relevant market. A) 33; 70 B) 50; 70 C) 0; 50 D) 20; 70 E) 30; 80
A federal government agency is planning to build a dam in Maine. The land where the dam will
be located, and the area that will be under the lake to be formed, is currently all privately owned. Which of the following correctly describes the requirement for an environmental impact statement? A) An environmental impact statement is required unless the EPA grants a waiver. B) An environmental impact statement is required only if the land will become federal land before the dam is built. C) An environmental impact statement is required only if any of the land affected is classified as wetland. D) An environmental impact statement is not required because the land is private. E) An environmental impact statement is required because it is the federal government who is undertaking his project.
When a company provides services for which cash will not be received until some future date, the company should record the amount billed as accounts receivable.
Answer the following statement true (T) or false (F)
Charles E. Williams paid for the purchase and installation of a guttering system for his home by Hanke Brothers with a Wells Fargo Home Projects Visa card. Under the terms of this particular Visa card, Williams agreed to pay Wells Fargo a principal amount plus interest in return for payment for the guttering system by Wells Fargo to Hanke Brothers. Wells Fargo made payment, and Hanke Brothers
then installed the guttering system. Wells Fargo did not file a financing statement on the guttering system. Williams defaulted on his mortgage and the mortgage company brought foreclosure action. Wells Fargo said that it was entitled to the guttering system because it was personal property purchased with a credit card. The mortgage company maintains that the failure to file a financing statement means that Wells Fargo is simply an unsecured creditor as any credit card company would be. Which of the following is correct? A) Wells Fargo is a PMSI creditor in personal property who is entitled to recover the cost of the guttering system out of any foreclosure proceedings. B) Wells Fargo is out of luck because of its failure to file a financing statement on a fixture. C) Wells Fargo is not a PMSI creditor because the debtor financed the guttering indirectly through the Visa card. D) Wells Fargo is a PMSI creditor but cannot take priority over the mortgage company because of its failure to file a financing statement.