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Question
A creditor's extension of time to a debtor for making payment, without the consent of the surety, will not discharge the surety.Answer
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Related questions
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d. all of the above.
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The law considers all new, single-owner businesses to be limited liability companies unless the owner affirmatively adopts some other form.
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A businessperson cannot incur a penalty for violating a law or regulation of which he or she is unaware.
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Fact Pattern 41-1
Adam, a director of Beta Computer Company, learns that a Beta engineer has developed a new, significantly faster computer chip. Adam buys Beta stock and tells his friend Cathy, who also buys Beta stock. When the new chip is announced three weeks later, Adam and Cathy sell their stock for a big profit.
Refer to Fact Pattern 41-1. Regarding Adam's profits on the purchase and sale of Beta stock, under Section 16(b) of the Securities Exchange Act of 1934 Beta may recapture
a. all of Adam's profits.
b. half of Adam's profits.
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Fact Pattern 41-1
Adam, a director of Beta Computer Company, learns that a Beta engineer has developed a new, significantly faster computer chip. Adam buys Beta stock and tells his friend Cathy, who also buys Beta stock. When the new chip is announced three weeks later, Adam and Cathy sell their stock for a big profit.
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a. after Adam told Cathy of the new chip.
b. after Cathy bought Beta stock.
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To raise capital to form Apex Corporation with Bert, Carla sells bonds and stock in other companies, and plans to register an initial public offering under the Securities Act of 1933. SEC Rule l0b-5 covers
a. most forms of securities.
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Alpha, Inc., a corporation traded on a national stock exchange, wants to offer bonds for sale to the public. Beta Insurance Company, a state-regulated insurance company, wants to offer annuity contracts for sale to the public. Before any sale, registration must be made with the SEC for
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Generally, states have disclosure requirements patterned after federal securities law.
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Private parties cannot sue violators of Section 10(b) and Rule 10b-5.
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Any corporation with more than $10 million in assets must register with the Securities and Exchange Commission.
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a. for a violation of a treaty of the United States only.
b. for a violation of a treaty of the United States or of the law of nations.
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a. a confiscation.
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China and India form an agreement to govern their commercial exchanges with one another. This is
a. a bilateral agreement.
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d. a unilateral agreement.
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Expropriation, even with the payment of just compensation, violates generally observed principles of international law.
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A party to a licensing agreement generally agrees to pay royalties on some basis.
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Jane, Kyle, and Lynn organize a nonprofit businessJKL Markets, Inc.to buy groceries from wholesalers and sell them to consumers who buy a membership in JKL. Because the firm is a nonprofit entity, it is able to sell the groceries for less than a commercial grocer could. What form of business organization is JKL Markets? Is it significant that JKL is incorporated?