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Question
To be negotiable, an instrument must be payable in money.Answer
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Wilbur files a petition in bankruptcy for relief through an individual's repayment plan. Wilbur is granted a discharge. Debts that will not be discharged include claims for
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B.money to be paid for services not rendered.
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A board of directors can delegate some functions to corporate officers.
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A director usually serves on a corporation's board for a life term.
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An individual director does not act as an agent to bind the corporation.
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"Forward-looking" financial forecasts are prohibited under SEC Rule 10b-5.
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