Which of the following is true about the Revised Uniform Partnership Act (RUPA) ?
A) There is no disagreement between the Uniform Partnership Act and the Revised Uniform Partnership Act about the rules of partnership. B) Changes in relation to the Revised Uniform Partnership Act and the Uniform Partnership Act are insignificant. C) Roughly half of the states have adopted the RUPA D) The RUPA just took effect in 2010. E) The Revised Uniform Partnership Act did not expand the UPA
Sometimes,an insurer may retain an attorney to defend the insured in a liability case but can conclude later on,based on additional information,that it does not have the obligation to pay any damages that may be assessed against the insured as a result of the third party's claim.It can do so through a(n) :
A) equity of redemption. B) advance directive. C) reservation of rights notice. D) declaratory judgment.
Many newspapers can no longer afford to assign specialty reporters to specific "beats" such as local politics,sports,or schools.However,newsworthy stories still need to be shared with the public so it is possible that news releases may be run written with little or no changes by the editors--warts and all--making it imperative to get them right the first time.
SH
Answered
Hooker Company sells $200,000 of ten-year,8% bonds to yield 10% on January 1,2014.The bonds pay interest annually on December 31.The bonds were sold at a discount of $24,578.The bond carrying value at the end of 2015 is
A) $175,422. B) $178,660. C) $200,000. D) $203,238.