If a Japanese Mutual Fund Buys a Share of Stock

question 182

Multiple Choice

If a Japanese mutual fund buys a share of stock on the New York Stock Exchange, it will be accounted for as a(n) :

• A) subtraction from the U.S. current account.
• B) addition to the U.S. current account.
• C) subtraction from the U.S. capital account.
• D) addition to the U.S. capital account.

Analyze the concept and purpose of the parol evidence rule.

Understand the practical applications and exceptions to the parol evidence rule.

Identify and explain the roles of admissions, partial performance, and promissory estoppel in contract law.

Recognize the significance of the incorporation of land in contracts and its relevance in statute of frauds.