A, b and c bought 640 acres of land with equal and undevided interest. A and B were brokers, and C was not. A and B were frequent business partners but decided to let C handle the resale of the tract. C had very little experience but was able to find a buyer willing to pay a good price. Because of this, A and B decided to give C 40% of the profit and divide equally the balance of the profit. Which applies?
A. C can do this if C is an attorney
B. C can do this because A and B are brokers
C. Fs 475 has been violated
D. Since C is selling C's own land , C does not have to be registered
Answer: C. Fs 475 has been violated
Business
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A bond has a current yield that is equal to the yield-to-maturity, Given this, which one of the following mustalso be true?
A) The bond must pay annual interest. B) The maturity value must be greater than the bond price. C) The bond can have any maturity date. D) The coupon rate must exceed the current yield. E) The price must exceed the par value.
Business
A secured creditor's claim has priority to the debtor's property over the claim of an unsecured
creditor. Indicate whether the statement is true or false
Business