Rogers was induced by fraud to sell a car to Sutter. Sutter resold the car to Andrews, who did not know of the fraud. Was Rogers entitled to void the sale and recover the car from Andrews?
No. Sutter had a voidable title to the car. When the car was sold to Andrews, however, Andrews obtained a valid title.
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The politician seeking re-election referred to the importance of "revenue enhancements" for providing additional community services. This is an example of
a. Doublespeak or corporate speak b. Denotative meaning c. Cultural bias d. Emphatic tone
Assuming fixed costs remain constant, and a company produces and sells the same number of units, then income under absorption costing is less than income under variable costing.
Answer the following statement true (T) or false (F)
The civil penalty for a person who trades on inside information:
a. is payable into the U.S. Treasury. b. must be imposed as a result of an action brought within three years after the date of the purchase or sale. c. is, for a controlling person, up to the greater of $1 million or two times the profit gained or loss avoided as a result of the controlled person's violation. d. All of these.
Which of the following brand strategies is being used when the local ice cream shop decides to add a new flavor to its menu?
A. a brand extension B. a multi-brand C. a copycat brand D. a premium brand E. a line extension