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642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | UCC Article 9 Secured Transactions Classes of Tangible & Intangible Goods a FAN is a SPECIFIC type of goods covered under UCC Article 9. | FARMING products ACCOUNT proceeds received upon sale of collateral NOTES (promissory & drafts) STOCKS, bonds & mutual funds PERSONALTY - chattels / movable goods generally EQUIPMENT CONSENSUAL security interests only (not statutory or mechanic liens) INVENTORY FIXTURES annexed to real estate (lighting fixtures, sprinkler systems, furnaces, etc.) INTELLECTUAL properties CONSUMER goods | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | UCC Article 9 Secured Transactions VCR The 3 Requirements for Attachment | VALUE must be given by creditor CONTRACT - the security agreement serves as evidence of the secured transaction unless the secured party has taken possession of the collateral. debtor must have RIGHTS in the collateral. | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | UCC Article 9 Secured Transactions Priority of Creditors Article 9 dictates which creditor gets to keep the O-PA-L NUG(get). | buyer in ORDINARY course PERFECTED ATTACHED creditor LIEN creditor NON-ordinary course buyer attached UNPERFECTED creditor (including bankruptcy trustee) GENERAL unsecured creditor | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | UCC Article 9 Secured Transactions Advantages to Purchase Money Security Interest (PMSI) Status HATS off to PMSI creditors because they get top priority. a PMSI in HOUSEHOLD goods is effective unlike every other security interest mere ATTACHMENT perfection TWENTY day grace period to perfect interest in non-inventory goods through filing SUPER priority on inventory if creditor provides advance notice to other creditors who have a security interest (e.g. after acquired interest clause) in that same collateral | HOUSEHOLD goods mere ATTACHMENT TWENTY day grace SUPER priority on inventory | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | UCC Article 9 Secured Transactions - Assignees & UCC Article 3 Commercial Paper - Holder in Due Course three requirements to avoid being subject to personal defenses | FOR value IN good faith without NOTICE | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | UCC Article 9 Secured Transactions Methods of Perfection Perfection Calls For Many Things (5) | Possession Control Filing the financing statement in debtor's state Mere attachment (consumer goods and PMSI) Title certificate | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | UCC Article 9 Secured Transactions Permitted Contents of Security Agreements The FOCAL Point of a security agreement is the collateral. FUTURE advances clause - allows further cash advances to be secured by collateral covered in earlier security agreement OTHER provisions, such as set-off or recoupment rights, debtor duties, circumstances constituting default, remedies, entitlement to costs & attorneys fees, and good faith requirement COLLATERAL description in reasonable detail - specify collateral's primary use in debtor's hands AFTER-ACQUIRED property clauses require that future collateral acquired or manufactured by the debtor later (including unmatured commercial tort claims) be covered by the present security agreement floating LIEN - type of security agreement on retail inventory that turns over frequently (executing new agreements each time not practical) PROCEEDS include whatever is received by the debtor upon the sale, exchange or other disposition of the primary collateral. | FUTURE cash advances OTHER duties/rights describe COLLATERAL AFTER-ACQUIRED clauses floating LIEN on fast-turning inventory PROCEEDS upon disposition | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | UCC Article 9 Secured Transactions Repossession Right of Creditor upon Default by Debtor The repo man SCAR'D the debtor but that's his right. STRICT foreclosure, where creditor legally retains the collateral and outstanding debt is cancelled CONSENT, voluntary and contemporaneous, from debtor to enter and take collateral from home or other private property ACTION by judicial writ authorizing Sheriff to repossess self-help REPOSSESSION unless it causes breach of peace DISPOSITION sale. Non-judicial liquidation by creditor (after notifying debtor and other perfected parties). Creditor can obtain deficiency judgment against debtor if collateral brings less than the debt. | STRICT foreclosure get CONSENT to take judicial ACTION REPOSSESSION DISPOSITION sale | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Torts - Transferred Intent Doctrine Five Relevant Torts you Can't BAIL if you intended one tort but did something else | trespass to CHATTELS BATTERY ASSAULT false IMPRISONMENT trespass to LAND | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Torts - Negligence Elements to make out a Prima Facie case Any band that puts out a DRAB CD is guilty of negligence to its fans. | DUTY to exercise REASONABLE care to ANYONE in plaintiff's position a BREACH of the duty to prevent the foreseeable risk of harm CAUSATION (actual/"but for" and proximate/legal) resulting DAMAGES caused by the breach | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Torts - Negligence Alternative Standards of Care beyond "the reasonable person" SKIDMART didn't HELP that COUPLE so they'll be held to a different standard of care. | SCHOOL and pupils (special relationship) K duty (contractual special relationship) INNKEEPER and guests ("highest" duty) DRAMSHOP laws impose liability upon drinking establishments MALPRACTICE standards for professionals liability to AUTOMOTIVE non-paying guests for reckless driving RES ipsa loquitur TRAVELERS aboard a common carrier ("highest" duty) HOSPITAL and patients (special relationship) EMPLOYER and employees (special relationship) LANDLORD and tenants (special relationship) PRISONERS held by law enforcement (special relationship) CREATION of harm - duty to alleviate consequences of defendant's act when it creates risk of harm to others, even if act was not negligent OWNER/OCCUPIER of land - varying duties to invitees, licensees and trespassors UNDERTAKING to act - may not abandon an attempted rescue if defendant leaves plaintiff in worse condition negligence PER SE - statute conclusively establishes standard for liability (reasonableness of defendant's actions irrelevant) LOCAL ordinance violation by defendant is "evidence of negligence" by defendant - helps plaintiff establish prima facie case EMERGENCY situation will lower defendant's standard of care unless defendant's negligence caused the emergency | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Torts - Causes of action related to Products Liability You are liable for harm done if you use your PENIS as a product. PUBLIC MISREPRESENTATION under restatement 402(B) EXPRESS warranty under UCC 2-313 NEGLIGENCE IMPLIED warranty under UCC 2-314 to 2-318 merchantability fitness for a particular purpose remote purchasers covered STRICT products liability - known as "Absolute Liability in Tort" under Restatement 402(A) | PUBLIC misrepresentation EXPRESS warranty NEGLIGENCE IMPLIED warranty STRICT products liability | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Torts - Bases of Strict Liability for Injury to Persons or Property You will be strictly liable for missing the day if you are not UP at DAWN. | ULTRA-HAZARDOUS, abnormally dangerous activities defective PRODUCTS (at) DOMESTIC animals with known dangerous propensities ALL injuries caused by wild ANIMALS WORKER's compensation (statutory strict liability) NO-FAULT automobile insurance (statutory strict liability) | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Torts - Causes of Action for Economic Injury causing FAMINE is an economic tort. FRAUD - misrepresentation of a past or present material fact ABUSE of process - initiation of civil or criminal proceedings against plaintiff with malicious intent (prior action NEED NOT have terminated in favor of present plaintiff) MALICIOUS prosecution - initiation of civil or ciminal proceeding against plaintiff with no probable cause that plaintiff is liable or guilty, malicious intent (prior action MUST have terminated in favor of present plaintiff) INJURIOUS falsehood (disparagement) - recklessly or intentionally published false assertion of fact leading to pecuniary injury caused by 3rd party's response NEGLIGENT misrepresentation - negligent misstatement of material fact in business of supplying information to others justifiably relied upon by plaintiff interference with prospective ECONOMIC advantage, including contractual relations | FRAUD ABUSE of process MALICIOUS prosecution INJURIOUS falsehood NEGLIGENT misrepresentation interference with prospective ECONOMIC advantage | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Torts - Theories of Vicarious Liability i DARE Plaintiff to Join vicariously liable tortfeasors. DELEGATION of non-delegable duties (inherently dangerous work, like excavation) AUTOMOBILE ownership negligent entrustment (knew of unsafe driving habits) use by family members for a family purpose statutory liability for consenting to another's use of the vehicle RESPONDEAT superior - "master" liable for acts of "servant" if committed within scope of employment negligent ENTRUSTMENT of dangerous instrumentalities to a child failure to control child's known dangerous PROPENSITIES JOINT enterprises - when two or more persons act in concert | DELEGATION of danger AUTOMOBILE ownership RESPONDEAT superior Negligent ENTRUSTMENT known PROPENSITIES JOINT enterprise | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Torts - Attractive Nuisance Test To Determine Liability An attractive nuisance is a REAL threat to the safety of children. children cannot RECOGNIZE danger EXPENSE of making condition is slight compared to danger dangerous condition on property is ARTIFICIAL children are LIKELY to trespass on property (and possessor knows or should know) | RECOGNITION of danger EXPENSE ARTIFICIAL LIKELY trespassors | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Torts - Defenses to Defamation Privileges It's bad P.R. to defend FOGIES in defamation cases. statement occurred during PROCEEDINGS of legislative or judicial branch REPORTS of public proceedings FIRST amendment qualified privileges - non-malicious statements about public figures and public controversies, non-negligent statements about a private person fair comment OPINIONS official statements of GOVERNMENT officials statements made in the INTEREST of self, third persons or the public EQUAL time broadcasts communication between SPOUSES | PROCEEDINGS REPORTS FIRST amendment OPINIONS GOVERNMENT officials INTEREST of EQUAL time broadcasts SPOUSES | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Torts - Statements that Constitute Slander Per Se It's slander per se to call someone SLIM. | SEXUAL misconduct (lack of chastity of a woman) LOATHSOME, communicable disease INCOMPETENCE in trade or profession conduct/crime involving MORAL turpitude | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Torts - Defenses to Intentional Torts Hell hath no fury like A SCORN'D tort victim. use of reasonable force to effect an ARREST SHOPKEEPER's privilege to detain suspect for reasonable time using non-deadly force CONSENT defense of OTHERS if protected party was entitled to use same amount of force RECAPTURE of property if entitled to immediate possession NECESSITY for public purpose or to abate nuisance DEFENSE of self, land and chattels under protective privilege | ARREST SHOPKEEPER's privilege CONSENT defense of OTHERS RECAPTURE of property NECESSITY DEFENSE under protective privilege (self, land, chattels) | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Torts - Available Remedies Damages, Restitution, Equity Get back at a tortfeasor by Playing CLARINET. PUNITIVE damages for willful, wanton or malicious conduct normally associated with intentional torts COMPENSATORY damages for past, present and foreseeable future loss or injury (unforeseeable special damages must be specifically pleaded) equitable LIEN on defendant's property to secure payment of debt owed to plaintiff ASSUMPSIT (quasi-contract) suit to recover reasonable value of a benefit unjustly retained by defendant (plaintiff must waive tort liability) REPLEVIN to recover possession of specific personal property wrongfully taken INJUNCTION if there is inadequate remedy at law, threat of multiplicity of suits, damages are speculative or too small, and plaintiff will suffer from irreparable injury NOMINAL damages recoverable where no injury sustained EJECTMENT to restore possession of real property from which plaintiff was wrongfully ousted, PLUS mesne damages (rental value during that period) constructive TRUST - equitable creation of a "trust" to compel defendant to reconvey title to property unjustly retained | PUNITIVE damages COMPENSATORY damages equitable LIEN ASSUMPSIT REPLEVIN INJUNCTION NOMINAL damages EJECTMENT constructive TRUST | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Torts - Limitations on Awarding of Damages tort damages are measured by how well you FUCC. | FORESEEABLE - damage/injury must be foreseeable at the time duty is breached (proximate cause) UNAVOIDABLE - no recovery for losses which reasonably could have been avoided or mitigated damages must be CAUSED by defendant's breach ("but for" causation) sufficiently CERTAIN - damages cannot be speculative | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Torts - Defenses to Claims Brought in Equity Rights in equity LAPSE if U assert a proper defense. LACHES - equity aids the vigilant, not those who knowingly sit on rights waiting for a defendant to detrimentally change position freedom of ASSOCIATION - equity will not interfere with the internal management of an ASSOCIATION (exception: where property right is embedded in association membership) injunction sought against PROSECUTION of a crime - equity will not enjoin PROSECUTION of a crime (exception: where criminal statute has been declared unconstitutional) freedom of SPEECH - equity will not enjoin SPEECH (exception: national security at stake, sometimes trade libel) injunction sought against criminal act - equity will not ENJOIN crime (exception: public nuisance if criminal prosecution is an inadequate remedy) UNCLEAN hands - he who seeks equity must do equity (where plaintiff's unclean conduct is related to subject matter of suit and defendant is injured by it) | LACHES freedom of ASSOCIATION injunction against PROSECUTION freedom of SPEECH injunction to ENJOIN crime UNCLEAN hands | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Trusts - Elements of a Valid Trust I know the PARTS of a valid trust. INTENT to create a trust is manifest by conduct valid PURPOSE (not contrary to public policy or illegal) ASCERTAINABLE beneficiaries (directly capable of taking and holding title for their benefit) RES must be a presently existing, identifiable property interest named TRUSTEE with active duties who is capable of acquiring, holding and administering the trust res; legal & equitable titles merge if beneficiary and trustee are same person SETTLOR with capacity to understand extent of property, natural objects of bounty and nature of disposition | INTENT to create valid PURPOSE ASCERTAINABLE beneficiaries RES named TRUSTEE SETTLOR | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Trusts - Ways a Trust can be Created it's WICKED smart to create a trust. created by WILL (testamentary trust) INTER VIVOS trust created by transfer of property CONSTRUCTIVE or resulting trust created as a matter of law creation of trust by K (contract) creation of trust by EXERCISING the power of appointment DECLARATION of trust by property owner | by WILL INTER VIVOS CONSTRUCTIVE/resulting by K (contract) EXERCISING power of appt. DECLARATION | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Trusts - Duties of Trustee The trustee had a duty to make sure the beneficiary wasn't drinking SPOILED CAB. refrain from SELF-DEALING (duty of loyalty) PROTECT the corpus of the trust by preserving principal and diversifying the trust portfolio refrain from usurping OPPORTUNITIES available to trust (duty of loyalty) INFORM settlor and beneficiaries of transactions involving more than 25% of trust assets and wait for objections prior to executing the transaction LITIGATE on behalf of the trust when necessary EXERCISE degree of care, skill and prudence which would be exercised by a reasonably prudent person in managing his/her own property avoid DELEGATION of duties involving judgment, discretion or power of appointment (proper administration) COMPLY with terms & duties under trust detailed ACCOUNTING, including earmarking and segregating trust assets separately from personal assets refrain from BORROWING funds from the trust (duty of loyalty) | SELF-DEALING PROTECT corpus not usurp OPPORTUNITIES INFORM on big transactions LITIGATE EXERCISE care, skill, prudence not DELEGATE authority COMPLY with terms ACCOUNTING refrain from BORROWING | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Trusts - Trustee's Defenses for Breach of Duty A trustee can KIL a suit against him for breach of duty. KNOWING consent (or waiver) to breach of trustee's duties by beneficiary (implicitly applied to beneficiaries who benefited from wrongful act) INSTRUMENT contains exculpatory or "hold harmless" provisions. These are enforceable ONLY if breach was merely negligent and trustee lacked bad faith. LACHES or statute of limitations - failure by beneficiary to timely assert claims | KNOWING INSTRUMENT LACHES | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Trusts - When a "Charging Order" to Invade a Spendthrift, Support or Discretionary is Permitted Certain ANTICS let creditors invade the principal of protective trusts. ALIMONY obligations due a former spouse NECESSITIES - debts incurred for food, shelter, medical expenses, etc. TAXES - income necessary to satisfy beneficiary's tax responsibility can usually be attached INTENTIONAL hindrance, delay or defrauding of creditor's claims by transfering assets into a trust CHILD support owed to minor children SELF-settled asset protection trusts where settlor is also the beneficiary (minority rule: permitted if irrevocable and not created to defraud creditors) | ALIMONY NECESSITIES TAXES INTENTIONAL hindrance of creditor CHILD SUPPORT SELF-SETTLED trust assets | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Future Interests - Applicability of Rule Against Perpetuities RAP music is ECO-friendly. | RULE AGAINST PERPETUITIES EXECUTORY interests CONTINGENT remainders OPEN class remainders | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Future Interests - Allowed Restraints on Alienation U F See fighters are good at restraining aliens. USE restrictions (with reversionary interest) - "To A but if not used for church purposes, the land shall revert to me." right of FIRST REFUSAL - allows holder to match a third party's offer (if accepted) to buy the property within a reasonable time "wait and SEE" doctrine - imposed by statute where operation of trust continues until last possible relevant time under the RAP (or 90 years) to see if the trust will survive. | USE restrictions right of FIRST refusal "wait and SEE" | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Trusts - Ways a Trust can be Terminated When a trust wants to be terminated, it yells "Pour some ACID on ME!!!" PETITION to court by beneficiary, spendthrift provision or settlor (if beneficiary is in agreement) purpose ACCOMPLISHED, illegal or impossible (such as if the sole beneficiary dies without heirs) CONSOLIDATION by the court where multiple trusts have same purpose, trustees, settlors and beneficiaries INCOME interest terminates - corpus is distributed to remainder beneficiaries if all income beneficiaries die (doctrine of acceleration) unilateral DONOR termination permitted if this right is specified in the instrument. This right is called a "grantor trust," so assets are included in grantor's estate for tax purposes. MERGER of legal and equitable title when beneficiary and trustee are the same person EXPIRATION of term specified in the trust instrument | PETITION to court ACCOMPLISHED purpose CONSOLIDATION of trusts INCOME interest terminates DONOR termination MERGER of title EXPIRATION of trust term | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Wills - Elements of a Valid Will I CAST a valid will into the stream of probate court. | INTENT to devise contents upon death at time of execution CAPACITY to understand the property, people involved and the effect of executing the instrument. ATTESTED to by two competent, non-interested witnesses SIGNED by testator or person directed who is within "line-of-sight" TESTAMENTARY age of legal capacity | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Wills - Eight Frequently Tested Problematic "Takers" Under the Will An executor looks to the LIAR DOCS to decide who takes under the will. LATER spouse not named in existing valid will usually takes all jointly-owned property and the greater of $50k or 1/2 of the separate property under UPC intestacy succession rules IRREVOCABLE living trusts where the beneficiary is kin (lineal descendants of testator's grandparent) are covered by antilapse statute, but not devises where survivorship is required--all other lapsed devises are added to the residue of the estate. ADOPTED, half-blood, acknowledged and paternity suit children are treated as natural issues for inheritance purposes under the UPC and most states (exception: children take by right of representation if intestacy rules apply) a named beneficiary may REFUSE or disclaim to accept a devise under the will; property is added to residue subsequent DIVORCE causes all provisions favoring ex-spouse to be revoked unless stated otherwise in the will or if listed as beneficiary of insurance policy or ERISA benefit OMITTED surviving children usually qualify for a forced share as if decedent died intestate (unless disinheritance can be proved) CLASS beneficiaries must be sufficiently identifiable; courts refer to statute, testator's intent and applicable rules of construction to determine when class closes SATISFACTION of testamentary devise cannot be made by including inter vivos transfers of gifts given to beneficiary unless that intent stated in writing (i.e., executor can't deduct $20k gift to beneficiary received while testator was living from a $50k will devise) | LATER spouse IRREVOCABLE living trusts ADOPTED children REFUSAL by beneficiary subsequent DIVORCE OMITTED surviving children beneficiaries included in CLASS SATISFACTION by inter vivos transfer | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Wills - Will Challenges Grounds To Contest a Dependable, Constructive UMPIRE decides whether a will can be contested. | DEPENDANT relative revocation may apply if subsequent will or codicil is invalid AND prior valid will is substantially identical & consistent with testator's intent CONSTRUCTIVE trust may be necessarily imposed to prevent unjust enrichment or injustice to omitted beneficiary (wrongdoer serves as trustee, ha ha ha) indicia of UNDUE influence (only a CAD ROBS a rich testator) MISTAKE in the execution (wrong document signed with no intent to make a will--will invalid, parol evidence inadmissible) fraudulent PREVENTION of a will being written fraud in the INDUCEMENT failure to REVOKE fraud in the EXECUTION | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Wills - Undue Influence Factors to Consider only a CAD ROBS a rich testator. | CONFIDENTIAL (or fiduciary) relationship exists ACTIVE participation in will preparation or execution DISPOSITION to exercise undue influence unnatural RESULT OPPORTUNITY to exercise undue influence undue BENEFIT to alleged wrongdoer SUSCEPTIBLE testator | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Wills - Classification of Legacies and Devises Acrostic Some Grantors Die Really Intestate SPECIFIC devise or bequest - particular items specified in the will GENERAL legacy - a sum of money to be paid out of any assets of the estate DEMONSTRATIVE legacy - a sum of money to be paid from a particular account or upon sale of a particular asset RESIDUARY gift - everything else not mentioned under a will with a residuary clause, distributed to the primary beneficiaries INTESTATE property - where there is no will, a lapse, disclaimer, no residuary clause, or the only will was successfully challenged (NOTE: most states disfavor intestacy--the court will interpret parol evidence to save any document that exists and adequately expresses the decedent's intent) | Some - Specific devise or bequest Grantors - General legacy Die - Demonstrative legacy Really - Residuary gift Intestate - Intestate property | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Wills - Ways to Revoke the provisions of a Will DIVORCE will AMBUSH beneficiaries. DIVORCE / annulment (property passes as if the former spouse predeceased testator) post-will ISSUE (revoked as to that child) VARIANCE of provisions that increases a non-residuary gift or changes a beneficiary OBLITERATION by cancellation or physical act (burning or tearing) by RESTRICTION under slayer statute CY PRES modification of testator's bequest by the court to continue charitable purpose when impossible, impractical or wasteful to carry out as stated in the will EXPRESS revocation by subsequent properly executed instrument (including holographic will) ADEMPTION of property devised but not owned at death post-will MARRIAGE (as to surviving spouse's intestate share) BEQUEST advancement paid to beneficiary inter vivos (if gift exceeds intestate share, heir gets nothing) UNIFORM Simultaneous Death Act SIGNATURE of testator intentionally defaced HOLOGRAPHIC codicil modifying a holographic will | DIVORCE post-will ISSUE VARIANCE OBLITERATION slayer RESTRICTION CY PRES EXPRESS revocation ADEMPTION post-will MARRIAGE BEQUEST advancement UNIFORM Simultaneous Death Act SIGNATURE defaced HOLOGRAPHIC codicil | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Wills - Surviving Spouse's Right to Elective Share A surviving spouse won't get the SHAFT Provided she takes her elective share. SOCIAL SECURITY HOMESTEAD laws secure the family home free of claims of creditors family ALLOWANCE awarded by probate court (statutory authorized maintenance and support during administration of will) FRACTIONAL share of decedent's estate (3% per year of marriage up to 50% under UPC; some states flat 1/3) TANGIBLE personal property set-aside as enumerated by statute PRIVATE PENSION PLANS paid as joint and survivor annuity to worker and spouse | SOCIAL SECURITY HOMESTEAD ALLOWANCE FRACTIONAL TANGIBLE PRIVATE PENSION PLANS | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Wills - Ways for Surviving Spouse to Maximize Elective Share United Artists changed the SCRIPT. Now the surviving spouse gets a bigger elective share. UNITED STATES savings bonds (jointly held) APPOINTMENT (to self) of trust res over which decedent had a general Power of Appointment (to give to anybody) SHAREHOLDER agreements entered into after the marriage restricting sale or testamentary disposition of testator's jointly held common stock revoking gifts CAUSA mortis not made in contemplation of death submit claims for decedent's RETIREMENT benefits INTER-VIVOS gifts, even to charity, if made within 1 year of testator's death for more than $10k POST-marriage jointly held property (real or personal) and bank accounts to the extent that spouse furnished consideration collect assets in TOTTEN trust accounts (payable-on-death) | US Savings Bonds APPOINTMENT to self SHAREHOLDER agreements gifts CAUSA mortis RETIREMENT benefits INTER VIVOS gifts w/in 1 yr POST-MARRIAGE jointly held property TOTTEN trust assets | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION | Wills - Slayer Statute Exceptions A killer may still take if he acted without SIN. | perfect SELF-DEFENSE INSANITY NEGLIGENT homicide | [] | Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com | CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION | http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740 | 46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json |
b6d83f54_l_Review_Flashcards___Cram_com___using_dividend_growth_model__ | A is correct. | Which of the following Covenats obliges the borrower to repay the bonds if a large quantity of common stock is held by a single investor and the bond rating is downgraded? A- Poison put clause B- Cross-default clause C- Affirmative covenant D- Negative pledge clause | [] | Final Review Flashcards - Cram.com | How to value stock using dividend growth model ? | http://www.cram.com/flashcards/final-review-883632 | 46/1438042988922.24_20150728002308-00102-ip-10-236-191-2_387761918_0.json |
b6d83f54_l_Review_Flashcards___Cram_com___using_dividend_growth_model__ | The Exercise or Strike price of an option is the specified price at which the holder of a call option has a right to purchase the asset. The purchase price of the option is known as the premium and the difference between the exercise price and the current stock price is know as the Intrinsic Value of the option. The difference between the current price of the option and its intrinsic value is the Time Value of the option. | A call option gives the holder the right to purchase an asset at a specified price, called the ________ price, before some specified date. The purchase price of the option is called the ________, while the exercise price of the option minus the current stock price is known as ________. Finally, the difference between the actual call price and its intrinsic value is known as the ________ of the option. A- Exercise; premium; intrinsic value; time value B- Exercise; cost; time value; intrinsic value C- Strike; premium; market value; intrinsic value D- Strike; cost; intrinsic value; exercise value | [] | Final Review Flashcards - Cram.com | How to value stock using dividend growth model ? | http://www.cram.com/flashcards/final-review-883632 | 46/1438042988922.24_20150728002308-00102-ip-10-236-191-2_387761918_0.json |
b6d83f54_l_Review_Flashcards___Cram_com___using_dividend_growth_model__ | B is correct. Index arbitrage involves the following: if the futures price is too high, short the futures contract and buy the stocks (and vice versa) in the portfolio to exploit the divergence between the actual futures price and its theoretically correct value. Program trading is the coordinated purchase and/or sale of an entire portfolio of stock. It is essential to implementing index arbitrage but is not index arbitrage. Arbitrage pricing theory is a theory that attempts to determine which systematic factors affect security returns. | An investment strategy that exploits divergences between actual futures prices and their theoretically correct parity value is known as which of the following? A- Program trading B- Index arbitrage C- Arbitrage pricing theory D- Both program trading and index arbitrage | [] | Final Review Flashcards - Cram.com | How to value stock using dividend growth model ? | http://www.cram.com/flashcards/final-review-883632 | 46/1438042988922.24_20150728002308-00102-ip-10-236-191-2_387761918_0.json |
b6d83f54_l_Review_Flashcards___Cram_com___using_dividend_growth_model__ | C is correct. Even though the beta increases in the next scenario, only 70% of the capital is equity and the rest is debt, with an after-tax cost of capital of 7.5%. Thus, moving to this debt structure would lower Datacomp's weighted-average cost of capital. Present WACC = 6 + .95 (16-6) = 15.5% Proposed WACC Cost of Equity = 6 + 1.05 (16 - 6) = 16.5% WACC = 0.7(16.5) + .30(7.5) = 11.55 + 2.25 = 13.8% | Datacomp Industries, which has no current debt, has a beta of .95 for its common stock. Management is considering a change in the capital structure to 30% debt and 70% equity. This change would increase the beta on the stock to 1.05, and the after-tax cost of debt will be 7.5%. The expected return on equity is 16%, and the risk-free rate is 6%. Should Datacomp's management proceed with the capital structure change? A- No, because the cost of equity capital will increase B- Yes, because the cost of equity capital will decrease C- Yes, because the weighted-average cost of capital will decrease D- No, because the weighted-average cost of capital will increase | [] | Final Review Flashcards - Cram.com | How to value stock using dividend growth model ? | http://www.cram.com/flashcards/final-review-883632 | 46/1438042988922.24_20150728002308-00102-ip-10-236-191-2_387761918_0.json |
b6d83f54_l_Review_Flashcards___Cram_com___using_dividend_growth_model__ | D is correct. The future value of a dollar is its value at a time in the future given its present value. The future value of a dollar is affected both by the discount rate and the time at which the dollar is received. Hence, both dollars-in and dollars-out in the future may be adjusted for the discount rate and any compounding that may occur. | Future value is best described as A. The value of a dollar-in at a future time adjusted for any compounding effect B. The sum of dollars-in discounted to time zero. C. The sum of dollars-out discounted to time zero. D. The value of a dollar-in at a future time adjusted for any compounding effect and the value of a dollar-out at a future time adjusted for any compounding effect. | [] | Final Review Flashcards - Cram.com | How to value stock using dividend growth model ? | http://www.cram.com/flashcards/final-review-883632 | 46/1438042988922.24_20150728002308-00102-ip-10-236-191-2_387761918_0.json |
b6d83f54_l_Review_Flashcards___Cram_com___using_dividend_growth_model__ | D is correct. The following items must be disclosed regarding financial instruments with off-balance-sheet risk of accounting loss: * Accounting loss incurred if any party to the instrument failed completely to perform and the collateral proved to be of no value. * Face or contract amount * Instrument's nature and terms, including credit risk, market risk, cash requirements, and related accounting policies. * Entity's policy for requiring collateral it accepts, and a description of collateral on instruments presently held | All of the following must be disclosed regarding financial instruments with off-balance-sheet risk of accounting loss, Except the: A- accounting loss incurred if any party to the instrument failed completely to perform, and the collateral proved to be of no value. B- face or contract amount. C- instrument's nature and terms, including credit risk, market risk, cash requirements, and related accounting policies. D- amount by which earnings per share would change if the accounting loss were to occur. | [] | Final Review Flashcards - Cram.com | How to value stock using dividend growth model ? | http://www.cram.com/flashcards/final-review-883632 | 46/1438042988922.24_20150728002308-00102-ip-10-236-191-2_387761918_0.json |
b6d83f54_l_Review_Flashcards___Cram_com___using_dividend_growth_model__ | A is correct. The value of a stock right is the difference in the market value of the stock between the rights-on period (when rights can be exercised) and the ex-rights period (when rights are not exercised). The rights-on price of the stock is given at $14. To figure the ex-rights price, we look at the change in the holdings of one shareholder for simplicity. Before surrendering 5 rights, one shareholder has to hold at least 5 common shares. At $14 per share, a shareholder's total investment in Kruse is 5 × $14 = $70. After exercise of the rights for an additional share, the shareholder has invested $8 more into the company for a total investment of $78 in 6 common shares. The value of the common shares is now $78 ÷ 6 = $13 per share, ex-rights. The difference between the $14 per share rights-on and the $13 per share ex-rights is the value of one right at $1. | Kruse Corporation made a rights offering to its existing stockholders. Each stockholder received one right for each share of common stock owned. A stockholder will have to surrender five rights plus $8 to receive one new common share. Kruse Corporation's common stock is selling for $14 per share during the rights-on period. The theoretical value of one stock purchase right in the rights-on period is: A- $1.00. B- $1.20. C- $2.80. D- 1.60 | [] | Final Review Flashcards - Cram.com | How to value stock using dividend growth model ? | http://www.cram.com/flashcards/final-review-883632 | 46/1438042988922.24_20150728002308-00102-ip-10-236-191-2_387761918_0.json |
b6d83f54_l_Review_Flashcards___Cram_com___using_dividend_growth_model__ | B is correct. | Interest rate swaps: A- involve investors swapping fixed-rate securities for floating-rate securities. B- involve investors trading interest payments or cash flows from different securities without actually trading the securities directly. C- involve investors swapping interest rate futures for interest rate options to reduce interest rate risk. D- can do nothing to help reduce interest rate risk but are effective in reducing default risk. | [] | Final Review Flashcards - Cram.com | How to value stock using dividend growth model ? | http://www.cram.com/flashcards/final-review-883632 | 46/1438042988922.24_20150728002308-00102-ip-10-236-191-2_387761918_0.json |
b6d83f54_l_Review_Flashcards___Cram_com___using_dividend_growth_model__ | C is correct. | Which of the following is not a capital instrument for long-term financing? A- Capital lease B- Issuance of a bond C- Issuance of a 1-year note payable D- Issuance of preferred stock | [] | Final Review Flashcards - Cram.com | How to value stock using dividend growth model ? | http://www.cram.com/flashcards/final-review-883632 | 46/1438042988922.24_20150728002308-00102-ip-10-236-191-2_387761918_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What are latitude line? | Parallel line having 10 degree spacing between them from the equator to the poles | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What is the prime meridian? | The starting point for lines of longitude or zero degrees. passes from the north pole to the south pole through Greenwich England | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What is Mercator? | a cylindrical projection of a map | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] what is conic projection? | It places a cone over the earth and projects the meridian and paralles | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] what is the most ccommonly used aeronautical chart? | Sectional chart | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] Who do sectional maps help most? | pilots who fly aircraft over short distances | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What do relief charts describe? | elevations | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] How are relief charts depected? | by color tints, contour lines and shading | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] Hydrographic features refer to what? | water | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] How are streames and lakes depicted on a sectional? | in blue | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] On a sectional map how are cities and town featured? | in bright yellow | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] On a sectional map how are small towns shown? | small back circles | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What are the three kinds of airports? | civilian, military or joint use | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] How is a civilian unpaved airport marked? | magenta circle | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What is marked near the name of the airport? | height above sea level and length of runway | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] How is a military airport marked? | The same as civilian except and abbreviation for the owning military service | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What are joint use airports? | Where civilian and military share runways? | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] How are joint use airports marked? | With its name with both civilian and military listing | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What is subject to control by faa air traffic controllers? | Controlled airspace | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What is the largest area of controlled airspace called? | The continental control area | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] Control areas are around what? | most airports | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What are airways? | three-dimensional highways in the sky | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What is special use airspace? | prohibited and restricted airspace | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What is a true course line? | a line or series of lines that the navigator indicataes the airplane will follow | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What is magnetic courses? | Magnetic north is different from true north because the magnetic north and south poles are not the same a the geographic north and south poles | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] When does compass deviation occur? | Once the compass is mounted in a plane. It must be adjusted because of electrical power and metals in the aircraft | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] what is a altimeter? | The only non-electronic means the pilot has of determining the distance over the service | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] what is true airspeed vs. ground speed? | airspeed tells the pilot how fast the airplane is flying through the air. Ground speed is a measure of how fast your aircraft is going across the surface of the earth | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What does wind do? | effect of wind on an airplane can either increase or decrease the ground speed depending on whether the plane is flying with or against the wind | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What is a wind triangle? | a tool pilots use to figure out where the wind drift will cause the aircraft to fly over the ground. | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What does pilotage mean? | navigating by reference to visible landmarks | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What does Dead Reckoning involve? | the systematic consideration of all factors that will and could affect the flight | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What is the aircraft radio used for? | an aid to navigation because it is the pilot's communication's link with faa personal | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What does VOR stand for? | Very High Frequency Omnidirectional radio Range | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What is the VOR? | is the second half of the aircraft radio. | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What must the VOR be tuned to? | the broadcast frequency of the Vor radio station just like the aircraft radio | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What does ADF stand for? | Automatic Directional Finder | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What is the ADF? i | is another type of radio receiver that is used to determine direction, but it does not provide as much information as the VOR | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What does DME stand for? | Distance measuring equipment | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What does the DME do? | sends a signal and measures the time it takes to go from the aircraft to the VORTAC and return. | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] Radar works on the principle of what? | of reflected radio energy. | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What do weather radars show? | areas of precipitation and storms | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What does the VOR system do? | The total system includes the airplane receivers and the ground stations working together to help the pilot navigate. | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] what does LORAN stand for? | Long-range navigation | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What is LORAN? | It is a complete navigation system that is used by large cargo ships and many small, privately owned sea craft. It is also used by aircraft as a means of navigation. | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What is GPS? | Consists of roughly24 satellites in orbit around the Earth, several ground tracking stations and a receiver in the aircraft. | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What does GPS stand for? | Global positioning system | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What does PPS stand for? | Precise positioning system | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What is PPS? | is the military's encoded signal | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What is SPS? | is the civilian public's signal | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What does SPS stand for? | Standard positioning system | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south | [What are line of longitude?] What is inertial navigation? | is a self contained unit located withing the aircraft that needs only to be programmed for the starting point and a destination | [] | Aerospace Journey of Flight Ch 9 Flashcards - Cram.com | Eighteen primary great circles going north-south | http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072 | 46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json |
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