Duress as a legal reason (defense) offered by a primary or secondary party for not paying a holder the amount due on an instrument is
a. sometimes a personal defense.
b. sometimes a real defense.
c. generally no defense at all.
d. sometimes a personal defense and sometimes a real defense.
D
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Name and briefly explain the five steps of Monroe’s Motivated Sequence.
What will be an ideal response?
Who is classified as a statutory insider under Rule 16(a) of the Securities Exchange Act of 1934?
A) Anyone, such as accountants or lawyers, who have provided services to the corporation B) All officers and directors C) Officers and directors, but only if they own at least ten percent of the outstanding shares D) Anyone, whether or not an officer or director, who owns at least ten percent of he outstanding shares of a corporation E) B and D
The ________ score indicates the percentage of people who have heard of an endorser or a performer.
A. one of my favorites B. attractiveness C. familiarity D. Q rating E. similarity
On January 1, Wonderland, Inc. signed a $260,000, 7%, 30-year mortgage that requires semiannual payments of $10,423 on June 30 and December 31 of each year. The journal entry to record the first semiannual payment would be (round interest calculation to the nearest dollar) to:
A) debit Mortgage Payable, $10,423; credit Cash, $10,423. B) debit Interest Expense, $1,323; debit Mortgage Payable, $9,100; credit Cash, $10,423. C) debit Interest Expense, $9,100; debit Mortgage expense, $1,323; credit Cash, $10,423. D) debit Interest Expense, $9,100; debit Mortgage Payable, $1,323; credit Cash, $10,423.