Wilma offers to sell her car to Betty but Wilma dies before Betty accepts the offer. Wilma’s death a. shortened the time of the offer but did not terminate it. b. did not affect the offer. c. extended the time of the offer. d. terminated the offer.
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a. |
shortened the time of the offer but did not terminate it.
|
|
b. |
did not affect the offer.
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|
c. |
extended the time of the offer.
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d. |
terminated the offer.
|
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- Briefly explain the nature of the Performance report. Explain the purpose of the perfymance by listing two reasons for an unfavourable member's subscriptions.The due diligence process aims at establishing and verifying:I. The identity of the beneficial owner.II. The identity of the legal person.III. The identity of the trust or similar arrangement.IV. The ownership and control structures. Question 1Answer a. I, II and IV only. b. I, II, III and IV. c. II, III and IV only. d. I, II, and III only.What is the effect of a merger agreement consummated in violation of the requirements on mandatory notice to the Philippine Competition Commission? A. The merger shall be unenforceable B. The merger shall be voidable C. The merger shall be rescissible at the instance of the Commission D. The merger shall be void
- Listing Agent Pete is willing to help sell Seller Cami's condo but believes it will take a lot of work. Because of this, Pete wants to make sure that his efforts result in a well-earned commission. Given his stated desire, predict which type of listing agreement Pete will insist on entering into with Cami. exclusive right-of-sale listing open listing exclusive-agency listing net listingYou have a job bidding provision in the contract which says. Vacancies in bargaining unit positions shall be posted for seven (7) days. All bids filed with the posting period shall be considered. If qualifications are relatively equal, the more senior bidder shall be granted the position, provided, however, that employees granted a position hereunder shall be ineligible to be granted a new position for one year from the date of promotion. You hire an external applicant who is far better than the senior bidder. Under what circumstances could you hire the outside applicant under this language. What argument would you expect the union to make? What would you expect the union to say if you offered to grant the next vacancy to the senior person denied the position and why?Steven, an accountant, returning from his office, calls into a pub for a relaxing drink. He bumps into Paul, an old school friend, whom he has not seen for many years. During the course of the conversation over a number of pints, it emerges that Paul has recently inherited a substantial sum of money and is interested in investing in local businesses. Steven mentions that one of his clients, Precarious Ltd, is seeking financial backing and would make an attractive investment. By chance, he has a copy of the company’s accounts in his briefcase which he gives to Paul. Relying on these accounts, Paul invests £10,000 in Precarious Ltd, but loses everything when Precarious goes into liquidation six months later. In fact, the accounts had been prepared negligently and did not reflect the parlous state of the company’s affairs. Advise Paul.
- Investors may receive an economic benefit from the ownership of stock by receiving A. interest B. dividends C. captail gains D. Both "dividends" and "capital gains" are correctA director using confidential information to trade in a company's shares is MOST likely to be in breach of the director's duty:A. to act in the company's best interests.B. to act with care, skill and diligence.C. to exercise powers for a proper purpose.D. to avoid a conflict of interests.A limited partner is responsible for any debts of the partnership, regardless of whether he or she was directly involved in the transaction that created the debt.;True or False
- Joseph and Mai each bought shares of Apple stock at $200 per share. About a week later, Joseph called his stockbroker and told him that if Apple was trading below $195, he wanted to sell. The broker was very busy, so he didn’t check but Apple was trading at $194 per share. He told Joseph that it was not below $195, so Joseph did not sell the stock. Mai also called her stockbroker that day also and told him that if Apple was trading below $195, she wanted to sell. Once again, the broker was very busy, so he didn’t check but Apple was trading at $194 per share. He told Mai that it was not below $195. However, Mai saw the price on her computer and knew it was $94. However, Mai did not sell either. Apple dropped to $180 per share by the end of the day and they both sold suffering a large loss. They both sue the brokers. What are the probable outcomes of the suits?24. what is an example of controlled business a. Insurance contracts covering an agent's family members b. Insurance contract covering an agent's friends a neighbor c. noncontributory group insurance plans d. self-insured group insurance plansthe office of insurance regulation may examine the records of an insurance company O a. Determine the solvency of the company b. determines the trust deposit of the company c. approves the claims records of the company for tax purposes. d. assess the company's value on behalf of prospective investors