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NEW QUESTION: 1
Nancy's Aunt Ethel died, making Nancy executrix of her estate. In going through Aunt Ethel's belongings, Nancy discovered some stock certificates that she learned had been issued by a small New Jersey firm that was still in business. The problem lay in the fact that Nancy's Aunt Ethel had moved from New Jersey to Florida years ago, and the stock is registered only in the state of New Jersey. Nancy herself is a resident of Massachusetts.
What does Nancy have to do in order to sell this stock?
A. Nancy will have to establish a mailing address in New Jersey before she can legally sell this stock.
B. Nancy will need to contact a broker-dealer licensed in the state of New Jersey to help her with the sale of this stock.
C. Nancy will need to contact a securities law firm in Florida to help her register the stock in the state of Florida.
D. Nancy can sell the stock without a problem as executrix of her aunt's estate.
Answer: D
Explanation:
Explanation/Reference:
Explanation: Nancy can sell the stock without a problem as executrix of her aunt's estate. This is considered to be a fiduciary transaction and, as such, it is an exempt transaction.
NEW QUESTION: 2
Managing the life cycle of a digital certificate is a role of a(n):
A. independent trusted source.
B. system developer.
C. security administrator.
D. system administrator.
Answer: A
Explanation:
Explanation
Digital certificates must be managed by an independent trusted source in order to maintain trust in their authenticity. The other options are not necessarily entrusted with this capability.
NEW QUESTION: 3
Which two fields are found in an Ethernet frame header? (Choose two.)
A. flags
B. TTL
C. type
D. checksum
Answer: C,D