A trade name cannot be protected if it is unusual or fanciful.
Answer the following statement true (T) or false (F)
False
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Which of the following is not one of the four avenues of escaping commitments stated in the text?
A. restate the commitment in more general terms B. plan a way out C. let it die silently D. use intimidation E. All of these choices are correct.
Using the following list of accounts and identification letters A through J, enter the type of account and its normal balance into the table below. The first item is filled in as an example: ?Type of Account?Normal Balance?AssetLiabilityEquity?DebitCreditCommon Stock??X??XInterest Payable??????Land??????Dividends??????Fees Earned??????Prepaid Rent??????Advertising Expense??????Unearned Rent Revenue??????Commissions Earned??????Notes Receivable??????
What will be an ideal response?
Tilda purchases an automobile from Ronston. At the time of sale, Ronston tells Tilda that the car has had only one previous owner and has been driven only 25,000 miles. Tilda, relying on these statements, purchases the car
She pays 10 percent down and signs a promissory note to pay the remainder of the purchase price, with interest, in fifteen equal monthly installments. Ronston transfers the note to Patty. Tilda then discovers that the car has actually had three previous owners and has been driven 250,000 miles. Which of the following is the legal outcome if Patty is a holder in due course (HDC)? A) Tilda must pay Patty; find recourse with Ronston. B) Patty must pay Tilda; find recourse with Ronston. C) Patty pays no one; indorsement is considered void. D) Tilda can rescind the note; refuse to pay Patty.
The 28/36 rule says that as long as your total debt payments are under 36 percent of your gross income then you are not overextended
Indicate whether this statement is true or false.