How Does the IASC Enforce Its Standards

question 10

Multiple Choice

How does the IASC enforce its standards?

• A)Through,the International Organization of Securities Commission
• B)Through the concept of best endeavors
• C)Through the Securities and Exchange Commission
• D)Through the Financial Accounting Standards Board

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Definitions:

Recording Statutes

Laws that govern the recording of documents (such as deeds or mortgages) to provide notice of their content and to establish legal priority.

Race-Notice Statute

A law pertaining to real estate which gives priority to the first party to record an interest in a property, provided that party did not have notice of any other claims at the time of recording.

Grant Superior Title

The process of transferring a higher quality or clearer title to property, often used to resolve issues or disputes regarding property ownership.

Constructive Eviction

In landlord–tenant law, a breach of duty by the landlord that makes the premises uninhabitable or otherwise deprives the tenant of the benefit of the lease and gives rise to the tenant’s right to vacate the property and terminate the lease.