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Homework answers / question archive / Texas A&M University, Corpus Christi GB 433

Texas A&M University, Corpus Christi GB 433

Business

Texas A&M University, Corpus Christi

GB 433.120

Quiz 11:

1)Smith and Jones own some property together. They each have an undivided interest in the property and each of them may convey their undivided interest to someone else. If Smith were to die, his interest would be inherited by his heirs. At common law, what term describes their ownership?

  1. Alice and Ben get married in California and move to Texas where Ben has landed a job with Dell Computer. Ben owned a computer before they got married. Alice inherited a car from her aunt after they got married. Two years after they

 

got married, they bought a house. The house is considered:

  1. National Distribution Company charges different buyers different prices for identical goods. This situation is an example of a possible violation of the antitrust laws. What could it be?
  2. Smedley is preparing the offering documents for the sale of tax-exempt bonds to be issued by the City of Corpus Christi to finance the construction of new streets. Must he register the securities with the SEC?
  3. Len Kay, the President of Ronen Corporation, signs a financial statement that is required by the SEC that contains misleading information. Len does not know the information is wrong. Under the SarbanesOxley Act,

 

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