When two organizations of about equal size unite to form one enterprise, which of these occurs?

Under federal securities laws, the SEC has the authority to set accounting standards in the U.S.

a. true b. false

Wok Corp. has decided to expand the scope of its business. In this connection, it contemplates engaging several agents. Which of the following agency relationships is within the statute of frauds and thus should be contained in a signed writing?

A. A sales agency. B. An irrevocable agency. C. An agency of indefinite duration but terminable upon 1 month's notice. D. An agency for the forthcoming calendar year entered into in mid-December of the prior year.