A letter of credit is a demand to pay that the buyer makes on the seller's bank.
a. True
b. False
Indicate whether the statement is true or false
Question 2
In Telebrands v. FTC the FTC sued a company selling an electronic muscle simulation abdominal belt, which the FTC claimed did nothing, but the good looking models in the ads implied that people using the product would become slim. The appeals court held that:
a. the ads did not meet the FTC standard for deception, so could continue
b. the company proved that its products did what they claimed, so the ads were allowed
c. the company could have a cease-and-desist order against government harassment against a protected right of free speech
d. while the product was probably useless, the ads in fact did not say anything technically incorrect; the company had the right to use good looking models to advertise its product so long as it did not make false claims
e. none of the other choices
What makes tea so good
true story
Example of Reconciling a Bank Statement
Example of Reconciling a Bank Statement Cont.
The demand for cheap coal to generate electrical power is rising
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