Which of the following is true of a direct notice of termination?
A) It is only applicable in employer-employee relationships.
B) It is given to all persons with whom an agent dealt.
C) It can only be given orally.
D) It is only executed after the death of either the agent or the principal.
B
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There is added protection for whistleblowers who report violations of the Sarbane's-Oxley act
A. True B. False
The partnership of Rodgers & Higgs, CPAs, performed audits of Alt Corp., a publicly-traded company, for the past several years. After issuing the current year's audit report, the CFO of Alt confessed to having committed fraud against Alt. Under which of the following statutes would the investors most likely bring suit against Rodgers & Higgs?
A. Securities Act of 1933, if they can prove ordinary negligence. B. Securities Act of 1933, if they can prove gross negligence. C. Securities Exchange Act of 1934, if they can prove ordinary negligence. D. Securities Exchange Act of 1934, if they can prove scienter.