Mary buys a lottery ticket and promises to buy her friend Sharon a new pair of shoes if she checks the lottery results while Mary is away. Sharon agrees to do so, provided she has the time for it. What kind of contract do Mary and Sharon have?

Making appropriate product recommendations based on the needs, objectives, and circumstances of a client is referred to as

A) implied authority B) apparent authority C) commingling D) suitability considerations"

Which of the following is false regarding the taxation of a sole proprietorship?

A. Sole proprietorships are subject to tax at both the business and individual level. B. All business deductions and losses carry straight through to the proprietor. C. Income of the business must be reported by the proprietor. D. The sole proprietorship only requires the filing of one return.