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amndchr2 Contributor
Joined: 12 Nov 2009 Location: United States
Online Status: Offline Posts: 55
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Posted: 04 Jan 2010 at 19:50 | IP Logged
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My exam is scheduled for January 23! I have almost all the chapters studied through once, working on the tax sections right now.
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cpa0123 Major Contributor
Joined: 20 Nov 2009 Location: United States
Online Status: Offline Posts: 761
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Posted: 05 Jan 2010 at 00:23 | IP Logged
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Good. I have mine on 6th Feb. Hope you do well. All the best!
__________________ FAR-11/21/09 [97]
REG-02/06/10 [95]
BEC-04/03/10 [85]
AUD-07/07/10 [93]
Colorado board
I am done!
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amndchr2 Contributor
Joined: 12 Nov 2009 Location: United States
Online Status: Offline Posts: 55
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Posted: 05 Jan 2010 at 11:38 | IP Logged
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Thanks you too!!
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Xalina Regular
Joined: 14 Sep 2009 Location: United States
Online Status: Offline Posts: 183
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Posted: 05 Jan 2010 at 13:09 | IP Logged
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n mine is on the 22nd Jan..(picture me frantically biting nails!!!)
__________________ Becker all the way!
FAR- 10/09/09-88
AUD- 11/24/09-91
REG- 01/22/2010- 94
BEC- 03/01/2010-90
I came, I saw, I calculated!
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cpa0123 Major Contributor
Joined: 20 Nov 2009 Location: United States
Online Status: Offline Posts: 761
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Posted: 17 Jan 2010 at 14:29 | IP Logged
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Another question:
Bond & Spear orally agreed that Bond would buy a car from Spear for $475. Bond paid Spear a $100 deposit. The next day, Spear received a $575 offer, the car's FMV. He immediately notified Bond that he would not sell the car & returned the $100 deposit. If Bond sues Spears & Spears defends on the basis of Statute of Frauds, Bond will probably:
a. Lose, because the agreement was less than FMV b. Win, because the agreement was less than $500 c. Lose, because the agreement was not in writing & signed by Spear d. Win, because Bond paid a deposit
Answer is B. But why is it not D?? Option contracts are not revocable. There was consideration in this contract. Isn't this a valid defense for Bond?
__________________ FAR-11/21/09 [97]
REG-02/06/10 [95]
BEC-04/03/10 [85]
AUD-07/07/10 [93]
Colorado board
I am done!
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