Jeremy Bentham was a proponent of utilitarianism
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is the primary source for evidence to corroborate the existence of pending litigation?
a. Vendor confirmations. b. Disclosures in financial statements. c. Management representation letters. d. Attorney confirmations.
Which of the following is most likely a source of information about external opportunities and threats for an organization?
A. Front-line workers B. Personnel records C. Government reports D. Board of directors
Bob is shopping in Carl's Hardware Store when a nail gun in use by Dan, one of Carl's employees, fires without warning and hits Bob in the leg. Carl checks the gun and discovers that it was assembled improperly. Bob files a suit against Eagle Tools,
Inc, the manufacturer of the gun, for product liability, on the ground of strict liability. What are the elements for an action based on strict liability? In whose favor is the court likely to rule and why?
Doug takes a $500 check drawn by Gail to Gail's drawee bank to cash it. Gail has over $10,000 on deposit in her account. If her bank refuses to pay Doug:
A) Doug can sue the bank and demand payment if the check is not "stale." B) If the check is over 30 days old, the bank has a right to refuse payment. C) The bank has incurred a liability to Gail for its improper refusal to pay the check if it is not "stale." D) The bank has no liability to Doug or Gail..