Although commercial paper is unsecured, the companies that issue this short-term security are:
A) firms that have government-sponsored guarantees for the debt
B) small firms of top credit quality
C) large firms of top credit quality
D) typically known to repay all defaults
Answer: C) large firms of top credit quality
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M and N own a property together as tenants by the entirety. Which of the following is true about their ownership?
(a) Neither M nor N can mortgage the property without the consent of the other. (b) M can sell his/her share without the consent of N. (c) If N dies before M, N's interest can be willed to N's heirs. (d) If M sells his/her interest, the new owner would become a joint tenant with N.
Plaintiffs might turn to long-arm statutes when they are seeking to obtain jurisdiction over a defendant who has minimum contacts within jurisdiction
Indicate whether the statement is true or false