The executor-administrator provision applies to promises of an executor of a decedent's will to the decedent's creditors
Indicate whether the statement is true or false
True
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Suppose the Federal Reserve is considering the applications of four different banks to merge with other banks. Given the level of the new HHI and the change in the HHI shown below, in which case could the Fed challenge the merger?
A. New HHI = 1,900; change in HHI = 150 B. New HHI = 1,500; change in HHI = 400 C. New HHI = 1,200; change in HHI = 700 D. New HHI = 1,850; change in HHI = 250
A new company CEO is weighing the pros and cons of making ethics a part of her company’s screening process. What arguments should she consider?
What will be an ideal response?
In preparing a statement of cash flows using the indirect method, a decrease in an unearned revenue account should
A) be shown as a financing activity. B) be shown as a deduction from net income in computing net cash flows from operating activities. C) not be shown on the statement of cash flows. D) be shown as an addition to net income in computing net cash flows from operating activities.
The Solomans own a cabin on the south side of Mount Henry. One day, the Solomans told Bennie and Claudia they could live in the cabin and use it as they wished until the Solomans wanted to use it again. Twelve years later, the Solomans informed Bennie and Claudia that they were going to spend the summer at the cabin and that Bennie and Claudia would have to make other arrangements for the summer
Bennie and Claudia claimed that they had acquired title by adverse possession, because they had occupied the property for the period of time required for adverse possession under state law (10 years in that state). Are Bennie and Claudia correct? a. Yes, Bennie and Claudia were living on the property with exclusive, open possession for a continuous period of time for the required 10 years. b. Yes, Bennie and Claudia had the Solomans' permission, therefore the possession was not illegal. c. No, Bennie's and Claudia's possession was with the Solomans' permission and therefore the claim was not adverse to the Solomans. d. No, there was no warranty deed transferred to Bennie and Claudia.