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NEW QUESTION: 1
In 1992, Anchor, Chain, and Hook created ACH Associates, a general partnership. The partners orally
agreed that they would work full time for the partnership and would distribute profits based on their capital
contributions. Anchor contributed $5,000; Chain $10,000; and Hook $15,000. For the year ended
December 31, 1993, ACH Associates had profits of $60,000 that were distributed to the partners. During
1 994, ACH Associates was operating at a loss. In September 1994, the partnership dissolved.
In October 1994, Hook contracted in writing with Ace Automobile Co. to purchase a car for the partnership.
Hook had previously purchased cars from Ace Automobile Co. for use by ACH Associates partners. ACH
Associates did not honor the contract with Ace Automobile Co. and Ace Automobile Co. sued the
partnership and the individual partners.
A. The ACH Associates oral partnership agreement was invalid because the partnership lasted for more
than one year.
B. The ACH Associates oral partnership agreement was valid.
Answer: B
Explanation:
Choice "a" is correct. A partnership agreement does not have to be in writing to be valid. If the partners
want to enforce an agreement to be partners for more than one year, that agreement must be in writing,
but merely having the partnership last for more than one year does not make an oral partnership
agreement invalid.

NEW QUESTION: 2
Which three are valid allocation models for custom conversion variables? (Choose three.)
A. First
B. Visitor Linear
C. Linear
D. Most Recent
Answer: A,C,D
Explanation:
Explanation/Reference:
Reference: http://help-forums.adobe.com/content/adobeforums/en/analytics-forum/adobe- analytics.topic.html/forum__z7zf-hi_i_know_thati.html

NEW QUESTION: 3
When applied to a message, which of the following default Exchange Server 2007 message classifications can only be read by users with appropriate permissions?
A. Company confidential
B. A/C privilege
C. No restriction
D. Company internal
Answer: A

NEW QUESTION: 4
You are a project manager for Star Light Strings. Star Light manufactures strings of lights for outdoor display. Its products range from simple light strings to elaborate lights with animal designs, bug designs, memorabilia, and so on. Your newest project requires a change. One of the business unit managers submitted a change through the change control system, which utilizes a CCB. Which of the following is true regarding the CCB?
A. The CCB requires all change requests in writing.
B. The CCB approves or denies change requests.
C. The CCB describes how change requests are managed.
D. The CCB requires updates to the appropriate management plan.
Answer: B
Explanation:
Configuration control boards (CCBs) review change requests and have the authority to approve or deny them. Their authority is defined by the organization.