Which of the Following Is Not a Primary Source of Corporate

question 136

Multiple Choice

Which of the following is not a primary source of corporate debt financing?

• A)Bonds Payable.
• B)Common Stock.
• C)Leases.
• D)Notes Payable.

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Definitions:

Durable Power of Attorney

A legal document granting someone the authority to act on another's behalf in legal and financial matters, which remains effective even if the grantor becomes incapacitated.

Authority

refers to the lawful right or power to make decisions, give orders, or enforce laws.

Incapacitation

A state of being unable to act or make legal decisions due to physical or mental limitations.

Undisclosed Principal

A principal whose existence is not known by a third party. That is, the third party does not know that an agent is acting on behalf of a principal.