A broker is an employee of the principal. * True False
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A: The Concept of “d/b/a,” or “doing business as.: Generally, if you operate your business in the names…
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A: Deductible loss is the loss which is to be caused either due to theft or due casualities and which…
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A: Check means a draft drawn from the bank and payable on demand. A cheque or check is a document that…
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A: Skimming fraud refers to a type of fraud in which a particular person is involved in taking some…
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A: Form 8-K is the "current report" organizations should document with the SEC to declare significant…
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Q: Reverse engineering is one of the legitimate methods of acquiring a trade secret. True False
A: Trade secrets are intellectual property (IP) rights on confidential information which may be sold or…
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- Fifteen years ago, Roop Industries sold $400 million of convertible bonds. The bonds had. a 40-year maturity, a 5.75% coupon rate, and paid interest annually. They were sold at their $1,000 par value. The conversion price was set at $62.75, and the common stock price was $55 per share. The bonds were subordinated debentures and were given an A rating; straight nonconvertible debentures of the same quality yielded about 8.75% at the time Roop's bonds were issued. a. Calculate the premium on the bonds-that is, the percentage excess of the conversion price over the stock price at the time of issue. b. What is Roop's annual before-tax interest savings on the convertible issue versus a straight-debt issue? C. At the time the bonds were issued, what was the value per bond of the conversion feature?What does the term "Affiliated Party mean? ΟΛ Any person who directs or participates in the conduct of alluss of a bourse and who is an officer, stockholder, owney or other person who directly controls a com Any person who is related to the writing insurance agent and works for the same based insurance comparty Any person who has the authority to bind the insurer to the risk of being assumed without requiring a bone or appointment Every group, association or other organization that prepares policy forms and makes underwriting rules axikvit to the setting of rates and underwing clos B. OC O D1. Enumerate and explain the theories rationalizing transfer taxation. 2. Discuss the reciprocity rule in transfer taxation
- 18- An agreement in which recognized company sells the right for others to use company name and operating plan to sell products or services is termed as: a. None of the options b. Franchising c. Manufacturing d. MiningWho is responsible for completing and providing the Residential Property Condition Disclosure Statement to the purchaser? 1. owner 2. investor 3. listing agent 4. selling agentV. Discuss the legal remedies available to principals and agents in the event of a breach of the agency agreement.
- Hyde is a broker involved in a conflicting demands settlement procedure that has already begun. The escrow funds are held in an attorney's escrow account. Hyde seeks an EDO from the FREC. How will the FREC likely respond? The FREC will not issue an EDO because the funds are in an attorney's escrow account. The FREC will issue an EDO within ten business days. The FREC will issue an EDO if the other three settlement procedures don't work. The FREC will not issue an EDO because the dispute must be settled7 which of the following statements is correct about an ordinary life policy A premium payment can be increased or decrease at the discretion of the premium payer B the beneficiary designation can be changed to another person only if that person a medical examination C the policy owner may borrow against the cash value of the policy D The named beneficiary must submit evidence of continuing insurable interest in the life of the insureda) Explain what company auditors are and how they are appointed and removed. b) Explain the duties and rights of auditors in a company.
- 3. With respect to foreclosure, give the reason you agree or disagree with the statements below: a. A foreclosure sale eliminates the outstanding debt(s) of the individual being foreclosed. b. Proceeds of a foreclosure sale are distributed to those holding a lien on the property on the basis of the percentage of total debt each is owed. c. Foreclosure means the senior mortgage loan lender automatically takes ownership of the property.The liability for special assessment bonds for which the city is not obligated in any manner should be recorded in a Multiple Choice Debt service fund general journal. None of the fund or governmental activities general journals, but should be disclosed in the notes to the financial statements. Governmental activities general journal. Custodial fund general journal.true or false 1. Ali incorporated his business so that he has unlimited liability to shield him against personal liability claim by the creditors 2. Applying first-aids to an injured worker while waiting for an ambulance to send him to hospital is a risk management technique called salvage. 3. Deductible can be used to retain property losses 4. Removing undamaged inventories from a burnt warehouse is a risk management technique called rehabilitation