Constructive Notice Is Not Imparted to Unrecorded Instruments That Are

question 14

True/False

Constructive notice is not imparted to unrecorded instruments that are referred to in a recorded instrument.

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Definitions:

Retained Earnings

Earnings after expenses and taxes that are reinvested in the assets of the firm and belong to the owners in the form of equity.

Junk Bonds

A special type of high interest rate bond that carries higher inherent risks.