(Modify This Question for Your Province

question 209

Multiple Choice

(Modify this question for your province.) Fred sold Carole some computer equipment and software for $900. After she paid $300, Carole quit paying. When she had no complaint about the items but just wouldn't pay, Fred decided to sue. He would most likely begin his action in

• A) Small Claims Division, Provincial Court.
• B) Criminal Division, Provincial Court.
• C) B.C. Supreme Court.
• D) B.C. Court of Appeal.
• E) Federal Court.

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Definitions:

Callable Bonds

Bonds that give the issuer the right to redeem them before their maturity date at a pre-specified price.

Bond Indenture

The underlying contract between the company issuing bonds and the bondholders.

Bond Premium

The additional amount over the face value for which a bond is sold, representing the difference between the bond's issue price and its nominal value.

Straight-line Amortization

A method of evenly spreading the cost of an intangible asset over its useful life for accounting and tax purposes.