Defects of financial responsibility laws include which of the following? I. Accident victims may not be fully compensated for their injuries. II. They apply only to property damage losses, not to bodily injury claims
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: A
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Which of the following would be a justification for involuntary dissolution of a corporation by a creditor?
A. When there is misapplication or waste of corporate assets B. When directors are acting illegally or unfairly C. When directors are in conflict, deadlock cannot be broken by shareholders, and the corporation faces ruin D. When corporation is insolvent and not paying its debts
Which retailer has the smallest amount of merchandise space?
a. full-service specialty store b. department store c. full-line discount store d. membership club
Which of the following is a two-party instrument?
A) Deed of trust B) Mortgage C) Both a deed of trust and a mortgage D) Neither a deed of trust nor a mortgage
In the context of experimentation, what is another way to think about the word failure?
a. intentional iteration b. bad failures c. controlled research d. unnecessary mistakes