Which of the following is a scenario where a universal defense can be applied?
A) A is induced to execute a commercial paper wrongly through misrepresentation.
B) A delivers a check to B, who is a minor, and B loses it.
C) A and B are engaged in a dispute over a contract and a third party is involved.
D)A delivers a check to B with a condition not to deliver it to C, but B delivers it anyway.
B
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Xavier and Yolanda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary allowances of $27,000 and $18,000 respectively, and the remainder equally. How much of the net loss of $6,000 is allocated to Yolanda?
a. $1,000 b. $3,000 c. $5,000 d. $0
When preparing your list of references,
A) leave enough space on the résumé to include them. B) have the data on your cell phone so you can write the information down, if asked. C) prepare a reference sheet using the same layout as the résumé. D) offer to email them when the interview is scheduled. E) indicate why you chose that particular person to use as a reference.
A fiscal year is a fiscal period consisting of twelve consecutive months
Indicate whether the statement is true or false
The accumulated benefit obligation measures
a. the pension obligation on the basis of the plan formula applied to years of service to date and based on existing salary levels. b. an estimated total benefit at retirement and then computes the level cost that will be sufficient, together with interest expected to accumulate at the assumed rate, to provide the total benefits at retirement. c. the pension obligation on the basis of the plan formula applied to years of service to date and based on future salary levels. d. the shortest possible period for funding to maximize the tax deduction.