Which of the following is a requirement of the Sarbanes-Oxley Act of 2002?
A. Registration of all auditing firms with the Public Company Accounting Oversight Board.
B. Annual inspection of all auditing firms registered with the Public Company Accounting Oversight Board.
C. A monetary fee assessed on organizations issuing securities.
D. Overall assessment of the work of the SEC each year.
Ans: C. A monetary fee assessed on organizations issuing securities.
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Which of the following would not terminate a properly formed joint tenancy between two co-tenants:
A: Foreclosure on a mortgage or trust deed secured by the interest of one joint tenant; B: Death or permanent incapacity of either joint tenant; C: One of the joint tenants signing a valid contract of sale to convey his interest in the property; D: One of the joint tenants signing a deed of trust, creating a lien against his interest in the property.
Which of the following is NOT a consideration when deciding whether a disclaimer clause should be effective since the Tercon Contractors decision?
A) did the disclaimer clause apply to the specific facts of the case B) was the clause unconscionable at the time the contract was formed C) was their unequal bargaining power when the contract was formed D) are there public policy reasons why the disclaimer should not be enforced E) all of these factors are considerations