A ____ invests money in the business but has no management responsibility.
A. general partner
B. limited partner
C. sole proprietor
D. nominal partner
E. stockbroker
Answer: B
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A contract cannot be rescinded if there has been a mutual mistake.
Answer the following statement true (T) or false (F)
Oscilance Inc., a watch manufacturing company, issues new stocks. However, instead of floating its shares in public, it directly negotiates with a small number of accredited investors that meet specific financial requirements set by the Securities Exchange Commission (SEC). Which of the following methods of issuing securities is being used by Oscilance in the given scenario?
A. Peer-to-peer investing B. Proxy selling C. A private placement D. A secondary market offering
George gave his great-grandfather's pocket watch to Nurse Nadene because he expected to die soon. This is? A)?a testamentary gift
B)?an inter vivos gift. C)?an executed gift. D)?a gift causa mortis.
Which of the following advantages does broadcast television provide to its advertisers?
A. lack of clutter B. low airtime costs C. the potential for zipping and zapping D. mass coverage E. low production costs