WGU D216 Business law for accountants | Objective Assessments | OA
V1, V2 and V3 | Questions and Answers | Latest 2025/2026 Updates |
100% Correct.
Correct
Incorrect
WGU D216 Business law for accountants
207 Correct terms
Questions and answers
, Payment or transfer of property
by a debtor favoring one Payment for spousal maintenance
creditor over others
Payment for services rendered within
Payment of child support
15 days before the payment is made
Don't know?
2 of 207
Term
An individual owes $30,400 in student loans to the Department of
Education, $16,000 in back taxes to the IRS, and $5,200 in spousal
maintenance to a partner.
Who is the debtor?
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Individual IRS
Department of Education Individual's partner
Don't know?
3 of 207
,Term
What is an example of an unsecured creditor?
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A bank that issues a home equity line
A bank that issues a credit card
of credit
A bank that issues a car loan A bank that issues a mortgage
Don't know?
4 of 207
Term
A consumer is told that he cannot receive a credit card because he
receives public assistance benefits.
Under which act might he bring suit against the lender?
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Fair Credit Reporting Act Fair Debt Collection Practices Act
Truth in Lending Act Equal Credit Opportunity Act
, Don't know?
5 of 207
Term
What is the equal dignity rule?
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The agent's authority is required
The agent and principal should
to be in writing if the agency
perform the agency relationship with
contract to be executed must
equal dignity.
be in writing.
The principal's duties to the agent are
The agent should provide equal
required to be in writing if the agency
dignity to the third parties on behalf
contract to be executed must be in
of the principal.
writing.
Don't know?
6 of 207
Term
Which type of trademark receives automatic protection?
Give this one a try later!
V1, V2 and V3 | Questions and Answers | Latest 2025/2026 Updates |
100% Correct.
Correct
Incorrect
WGU D216 Business law for accountants
207 Correct terms
Questions and answers
, Payment or transfer of property
by a debtor favoring one Payment for spousal maintenance
creditor over others
Payment for services rendered within
Payment of child support
15 days before the payment is made
Don't know?
2 of 207
Term
An individual owes $30,400 in student loans to the Department of
Education, $16,000 in back taxes to the IRS, and $5,200 in spousal
maintenance to a partner.
Who is the debtor?
Give this one a try later!
Individual IRS
Department of Education Individual's partner
Don't know?
3 of 207
,Term
What is an example of an unsecured creditor?
Give this one a try later!
A bank that issues a home equity line
A bank that issues a credit card
of credit
A bank that issues a car loan A bank that issues a mortgage
Don't know?
4 of 207
Term
A consumer is told that he cannot receive a credit card because he
receives public assistance benefits.
Under which act might he bring suit against the lender?
Give this one a try later!
Fair Credit Reporting Act Fair Debt Collection Practices Act
Truth in Lending Act Equal Credit Opportunity Act
, Don't know?
5 of 207
Term
What is the equal dignity rule?
Give this one a try later!
The agent's authority is required
The agent and principal should
to be in writing if the agency
perform the agency relationship with
contract to be executed must
equal dignity.
be in writing.
The principal's duties to the agent are
The agent should provide equal
required to be in writing if the agency
dignity to the third parties on behalf
contract to be executed must be in
of the principal.
writing.
Don't know?
6 of 207
Term
Which type of trademark receives automatic protection?
Give this one a try later!
