This module, which contains questions and answers regarding CFP Fundamental Principal topics covered in the CFP exam. Get the CFP exam preparation you need.
You will be able to review with this ready-made color-coded flashcards that are complete and up-to-date. The CFP flashcards are specifically designed according to the new CFP exam content specifications. Each of the flashcard packs features individual cards with questions on the front and answers on the back. You will have access to a quick, simple and practical method to commit the right facts to memory.
If you're looking for the best CFP exam review system -- don't look any further. This is virtually the most effective method to let you review and prepare for the CFP Exam. We are so confident about the superiority and value of our system compared to the competition, we are willing to offer a 100% satisfaction guarantee.
These flashcards will cover these topics:
A. Partnerships – partner’s rites, partner’s duties, partner’s actions, requirements for unanimous approval, factors in assignment of partnership interest, partnership property vs. partnership interest, different levels of partnership interest, dissolution of a partnership, priority of proceed recipients, partner’s liability for debts of partnership, dissolution’s affect on partner’s authorities and liabilities, dissolution notice to third parties, liabilities of retired partners, joint venture vs. partnership, limited partnerships, formation and dissolution of limited partnerships.
B. Corporations – basic rights and powers, advantages and disadvantages of corporations, potential liabilities of corporations, different types of corporations, stockholders’ rights and liabilities, piercing the corporate veil, director’s responsibilities and liabilities, director’s duties and powers, promoters relationship and responsibilities to corporation, preincorporation agreements, promotor’s liability, capital, types of stock, termination of a corporation, ultra vires act, corporation De Jure, corporation by estoppel, DeFacto corporation, articles of incorporation, business combinations, consolidation vs. merger.
C. Estates and Trusts – elements to create a trust, events to terminate a trust, different types of trusts, trust principle, trust profits, trustee’s responsibilities, executor, administrator, testator, method of estate taxation, probate vs. contest of will, validation of a will, testate vs. intestate, allocation of annuities between principle and income |
