Bondholders tend to offset the effects of selfish strategies implemented by shareholders by:
A) restructuring their loans to provide additional time to the firm to make repayment.
B) subordinating their bankruptcy position to the shareholders.
C) agreeing to reduce the outstanding principal balances on their loans.
D) agreeing to reduce the interest rate on existing loans.
E) increasing the interest rate on monies loaned to the firm.
E) increasing the interest rate on monies loaned to the firm.
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Which of the following types of patents is valid for only 14 years?
A. a design patent B. a utility patent C. a process patent D. a business method patent
Revocation of a Will. Myrtle Courziel executed a valid will that provided for the estab-lishment of a scholarship fund designed to encourage the study of corrosion as it affects metal-lurgical engineering. The recipients were to be students in the upper
half of their classes at the University of Alabama. Subsequently, Courziel died. John Calhoun, the eventual administrator of her estate, obtained access to Courziel's safe-deposit box to search for her will. He found the will intact, except that the last page of the will, which had contained Courziel's signature and the signatures of the witnesses, had been removed from the document and was not in the safe-deposit box or anywhere else to be found. Because Courziel had had sole control over the will, should it be presumed that by removing the last page of the will (or allowing it to be removed), she effectively revoked the will?
When a taxpayer contacts a tax advisor requesting advice as to the most advantageous way to dispose of a stock, the tax advisor is faced with
A) a restricted-fact situation. B) a closed-fact situation. C) an open-fact situation. D) a recognized-fact situation.
Dan and Jia are have just purchased a condominium for $70,000. Since the condo is very small, they hope to move into a single-family house in 5 years. How much will their condo be worth in 5 years if inflation is expected to be 8 percent?
What will be an ideal response?