Which is NOT true of recording?
A. It provides constructive notice of the recorded instrument.
B. It provides actual notice of an interest.
C. It determines the priority of liens.
D. It creates a presumption of delivery.
Answer: B. It provides actual notice of an interest.
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Which of the following statements is true?
A) Internal auditors, rather than external auditors, can conduct evaluations of effectiveness of Enterprise Risk Management processes. B) Re-adding the total of a batch of invoices and comparing the total with the first total you calculated is an example of an independent check. C) Requiring two signatures on checks over $20,000 is an example of segregation of duties. D) Although forensic specialists utilize computers, only people can accurately identify fraud.
Platte River Meat Packing Company maintains a three percent share of the beef-packing industry in the United States. Last year, it launched an unsuccessful effort to harm its competitors and garner monopoly share of the beef-packing industry. Platte River's efforts are:
a. not actionable because Platte River lacked sufficient market power to ensure a dangerous probability of success and consequent serious threat of monopolization. b. not actionable because antitrust laws do not punish unsuccessful attempts to monopolize, only those that succeed. c. actionable because Platte River possessed intent to harm its competitors regardless of whether its efforts were successful. d. actionable as a per se attempt to monopolize the beef-packing industry.