In Determining the Existence of 'Significant Influence',and Considering Voting Power,consideration

question 30

Multiple Choice

In determining the existence of 'significant influence',and considering voting power,consideration must be given to:

• A) the voting power directly related to the voting rights attaching to the equity interests.
• B) the distribution of the balance of the voting power.
• C) excluding voting power that applies only in contingent circumstances.
• D) the voting power directly related to the voting rights attaching to the equity interests; the distribution of the balance of the voting power; and excluding voting power that applies only in contingent circumstances.

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Definitions:

Express Warranty

An explicit promise made by a seller to a buyer regarding the condition, quality, or performance of the goods being sold.

Implied Warranty

A legal presumption that a product will perform as expected, despite no express statement of such quality assurance being made.

Sales Contract

A legal agreement between two parties, where one agrees to buy and the other agrees to sell goods or services under specified terms and conditions.

Breach of Warranty

The failure to meet the terms of a promise or guarantee made about the quality, condition, or functionality of a product or service.