A debt issued by a company as a negotiable instrument with a term of 9 months or less is considered short-term commercial paper and is exempt from registration.
What is short-term commercial paper?Commercial paper is a type of unsecured, short-term debt that is commonly issued by businesses to finance payrolls, payables, inventories, and other short-term liabilities.
Most commercial paper maturities range from a few weeks to months, with an average of around 30 days.
Option (a), short-swing trade is an incorrect answer because the SEC's short-swing profit rule requires corporate insiders to repay any profits generated from the acquisition and sale of company stock within a six-month period.
As a result, option (b) is the correct answer.
For more information regarding commercial paper, refer below
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Question 12 of 20
Which constitutional amendment expanded the right to vote?
A. Twenty-Second
B. Twenty-Third
C. Twenty Fifth
D. Twenty-Fourth
SSM
The 23rd amendment granted the District of Columbia the right to vote. The amendment granted access to Electoral votes as if it were a state.
You must submit a report to the DMV within 15 days of a traffic accident on a Traffic accident report form. True or false?
Answer:
False
Explanation:
Quizlet - Unit 6 Lesson 3: Procedures When Involved In An Accident
First question.
The theft of currency over a long period of time that tends to be commissioned for a modest amount of money but may not be considered to be financially damaging is called
ATM burglaries.
embezzlement.
forgery.
credit card fraud.
Answer:
the answer is embezzlement
The Victorian legislation which provides guidelines for solicitors to disclose information about costs.
Answer:
costs disclosure
Explanation:
The Victorian legislation provides guidelines for legal fee disclosures by solicitors to their clients. The legislation requires that solicitors must disclose legal costs in a cost disclosure statement as soon as they engage a client. This prevents the penalties or invalidity of a legal claim to costs. Exceptions may however apply where legal costs do not exceed $750 or client is government or commercial entity.
A federal statute imposed criminal penalties for killing certain specified animals that have been determined by Congress to be of importance to the tourism industry in the region in which the animal was located. Among the animals protected was the red fox. However, a state in which the red fox was located classified the animal as a varmint that could be destroyed at will by anyone with a general hunting license. A rancher who possessed a valid state general hunting license regularly shot and killed red foxes that ate his artichoke plants.
If the rancher is prosecuted under the federal statute and challenges the constitutionality of the law, which of the following is the strongest constitutional argument in support of the federal statute?
a. The commerce power.
b. The Necessary and Proper Clause.
c. The police power.
d. The power to regulate federal lands.
Answer:
c.
Explanation:
If for example in a neighborhood , people have different rules as to what goes on their rented private lands and while the neighbor with blue house allows bugs as a cruelty free zoning opportunity ,the neighbor with the red house made it well known that any bugs that are on his land can be hurt and killed with any process as long as it doesn't affect his property.The bugs where killed but as the blue neighbor disagrees they go to the townspeople to settle if those bug should have been transported to the blue house.In this case the case should be given to the closest authority which is the police. please correct this story to explain the situation at hand.
Provision that authorizes payment to anyone fairly entitled to insurance proceeds only one to the insurance proceeds by reason of having incurred expenses
Provision that authorizes payment to anyone who is fairly entitled to the insurance proceeds because of having incurred expenses on behalf of the insured for medical treatment and/or burial
Answer:
Facility of Payment Clause
Explanation:
Facility of Payment Clause was formulated to prevent the need to nominate any of the administrator, executor, or guardian to obtain the insurance benefits, and then immediately fasten the settlement of disputes among rival claimants without the unnecessarily wasting time and going through litigation.
Hence, in this case, the right answer is Facility of Payment Clause