Under the UPA, which of the following liabilities of a partnership has the highest priority for payment out of partnership assets? Amounts owing to:
a. partners for profits.
b. partners for loans or advances.
c. creditors other than partners.
d. partners for capital.
c
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When creating a BPMN activity model, which of the following is most accurate?
A. The resulting BPMN activity model should closely match the structure of the subsequent database. B. All activity models should include gateways. C. Modeling is an artistic endeavor; therefore different modelers given the same set of facts about a business process will likely develop very different models of the process. D. Different modelers given the same set of facts about a business process should develop similar models of the process.
Explain how events, resources and agents are linked in a REA diagram
Where litigation in international disputes should occur is
A. dictated by where the problem arose; a problem arising in India is adjudicated in India. B. at times unclear, in which case, the UN International Court of Justice will make a jurisdictional ruling. C. usually evident from the documentation available. D. often complex, so contracts should include choice of law and choice of forum clauses.
Identify and describe the four principal contract interests a court may seek to protect