DW
Danielle Washington
Answers (6)
DW
Answered
Which of the following is not an intangible asset arising from a government grant?
A) Goodwill
B) Patent
C) Trademark
D) Trade name
A) Goodwill
B) Patent
C) Trademark
D) Trade name
On Jul 09, 2024
A
DW
Answered
Nibellia is a country in South America in which the government regulates every aspect of public and private life. The government maintains complete control over military, law, media, social organizations, education, religion, and the economy. It often uses a combination of terror tactics and propaganda to control the ways people think and feel. Given this information, it can be said that Nibellia is a(n) _____ state.
A) republic
B) anarchic
C) totalitarian
D) democratic
A) republic
B) anarchic
C) totalitarian
D) democratic
On Jul 05, 2024
C
DW
Answered
Sharp Finance Company has furnished Keith with some pre-printed forms for customers to sign to finance repairs on their homes. After the customers sign the notes naming Keith as the payee, he sells them to Sharp Finance. Sometimes Keith is busy and does a poor job on the homes so he can get on to the next job. When customers complain, he says he'll get around to fixing the problems. If the customers don't pay the note, Sharp Finance sues them. Can the customers use the defenses they have against Keith against Sharp? Explain.
On Jun 08, 2024
Yes, they can use the defenses they have against Keith against Sharp Finance, because it is a consumer credit transaction which falls under the FTC rule "Preservation of Consumers' Claims and Defenses." This rule requires consumer credit contracts to conspicuously state the following provision: "Notice: Any holder of this consumer credit contract is subject to all claims and defenses which the debtor could assert against the seller of the goods or services obtained pursuant hereto or with the proceeds hereof. Recovery hereunder by the debtor shall not exceed amounts paid by the debtor hereunder."
DW
Answered
When the half-year rule was introduced, do you think firms looked favourably or unfavourably upon the change?
On Jun 05, 2024
Firms who purchased assets in January could now use only one-half of its original cost to calculate depreciation for the year, compared to the full cost that could have been used under the old system. Also, firms who could previously claim the original cost for a whole year, even thought they had only purchased and put in use the asset in December, had a reduction in the amount they could claim. (Therefore, all firms claim a smaller amount of depreciation in the first year so that their taxes increase and usable cash flows decrease.) Therefore, firms would not be in favour of the change.
DW
Answered
Contracts are typically between one party and:
A) the federal government
B) the state government
C) another private party
D) an international agency on commerce
A) the federal government
B) the state government
C) another private party
D) an international agency on commerce
On May 09, 2024
C
DW
Answered
When both parties to an illegal agreement are equally wrong in the knowledge of the operation and effect of their contract,they have formed a(n) ________ contract.
A) restrictive
B) in pari delicto
C) usurious
D) nondisclosure
A) restrictive
B) in pari delicto
C) usurious
D) nondisclosure
On May 06, 2024
B