The United States and Argentina have signed the Convention on Contracts for the International Sale of Goods (CISG). Oxtron, Inc, a U.S. company, and Leer, an Argentinean company, have entered into a contract under which Oxtron is to ship medical devices to Leer. The contract does not include a choice of law provision. The contract will be governed by:
a. the CISG.
b. the UCC.
c. the domestic contract law of Argentina.
d. the domestic contract law of the United States.
a
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In its 2004 through 2006 inspections, which of the following was not a deficiency the PCAOB noted related to inadequate testing of stockholders' equity transactions?
a. The auditors failed to properly address and evaluate the substance, business purpose, or significant terms of the equity arrangements. b. The auditors failed to consider the accounting principles potentially applicable to the equity transactions. c. The auditors failed to evaluate whether the audit clients had appropriately determined the fair values assigned to equity-based transactions and to test the reasonableness of such fair values. d. The auditors failed to disclose each class of stock issued by the clients.
Discuss the relationship between realized gain and boot received in a ยง 1031 like-kind exchange.
What will be an ideal response?
John was driving his car in a careless way, failing to drive as a reasonably prudent person would under the driving conditions. Ramona was crossing the street in a careless way, failing to cross as a reasonably prudent person would. John struck and
injured Ramona with the car John was driving. At trial, it was determined that John was 80 percent at fault and that Ramona was 20 percent at fault. The injuries sustained amounted to $100,000. Explain how much, if any, recovery Ramona would receive in a state that applies the contributory negligence rule. Do the same thing for a state that applies the comparative negligence rule.
The first step in applying asset allocation to your personal financial plan is to ensure adequate liquidity
Indicate whether the statement is true or false.