Which of the following statements about a quitclaim deed is INCORRECT?
A. It can be used to transfer whatever interest the grantor may have in the property.
B. It can be used to release whatever interest the grantor may have in the property.
C. It warrants the grantors title and possession.
D. It is commonly used to quiet a cloud on the title
Answer: C. It warrants the grantors title and possession.
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Why have direct-response television commercials seen an increase in popularity in recent years?
A) It is has become simpler to replicate the success of classic direct-response TV ads that introduced items such as the Veg-O-Matic. B) Traditional broadcast and cable advertising has become prohibitively expensive for many major corporations. C) The ability to track phone calls and Web-site hits makes it easy to measure the return on advertising investment. D) The sophisticated image of home shopping channels has given direct-response commercials more credibility. E) Consumers are more likely to respond to this type of marketing than to other forms of direct marketing.
Dolby, Inc. issued a $5,000 face value, 10%, five-year bond at 98. What will be the journal entries at the maturity of the bond? The bonds have semiannual interest, and the company uses the straight-line method of discount amortization
What will be an ideal response