Which one of the following functions should be assigned to the corporate treasurer rather than to the controller?

A buyer purchased a home without being informed the house was on a septic tank system. The buyer has the right to:

a. rescind the contract. b. have the broker disbarred. c. sue the escrow company for malfeasance. d. report the seller to the Department of Real Estate (DRE) for failure to disclose.

A unit investment trust differs from a mutual fund in that

A) it offers a combination of debt and equity securities in the unit. B) its originator guarantees a redemption price. C) its original portfolio is generally unchanged until the trust is dissolved. D) it requires considerably greater portfolio management.