What Is the Impact of Failing to Effect a Disposition

question 1

Multiple Choice

What is the impact of failing to effect a disposition in writing under s.53(1) (c) of a subsisting equitable interest?

• A) The transaction is void.
• B) The transaction is unenforceable.
• C) The transaction is voidable.
• D) The transaction is partially effective, but has to be completed later by writing.

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Definitions:

Investing Activities

Transactions related to the acquisition and disposal of long-term assets and other investments, impacting a firm's capital structure and cash flow.

Long-Term Investments

Assets that a company intends to hold for more than one year, such as stocks, bonds, or real estate.

Statement of Cash Flows

A financial report detailing the impact of variations in balance sheet accounts and income on cash and cash equivalents.

Direct Method

An accounting method used in the cash flow statement to show the specific sources of operating cash receipts and payments, contrasting with the indirect method.