Ben, who runs a livestock breeding business, owes the Circle C Ranch $40,000. Ben agrees to pay the Circle C a percentage of his profits each month until the debt is paid. Because of this agreement, the Circle C is
A. Ben's creditor and partner.
B. Ben's creditor only.
C. Ben's partner only.
D. neither Ben's creditor nor his partner.
Answer: B
You might also like to view...
Which of the following statements about the important factors that affect how women and men approach negotiations is untrue?
A. Women tend not to draw strict boundaries between negotiating and other aspects of their relationships with other people but instead see negotiation as a behavior that occurs within relationships without large divisions marking when it begins and ends. B. Men use dialogue in two ways: (a) to convince the other party that their position is the correct one and (b) to support various tactics and ploys that are used to win points during the discussion. C. Men are more likely to seek empowerment where there is interaction among all parties to build connections and enhance everyone's power. D. Women are more aware of the complete relationship among the parties who are negotiating and are more likely to perceive negotiation as part of the larger context within which it takes place than to focus only on the content of the issues being discussed.
What is HR risk?
What will be an ideal response?
You should insure your property for more than its replacement cost
Indicate whether the statement is true or false
Which of the following is true of a registration statement?
A. A registration statement must be accompanied by financial statements certified by certified public accountants. B. Once submitted, a registration statement cannot be amended. C. The SEC judges the merits of the securities based on the registration statement. D. A registration statement need not reveal how a company plans on using the proceeds from the offering.