Which of the following would be an example of a civil lawsuit?
A) George is being prosecuted for bank fraud.
B) The government has initiated an action against Jeff for operating a motor vehicle under the influence of alcohol.
C) Gretta hit Rita in a bar during happy hour. Rita is now suing for her injuries.
D) The district attorney is bringing Ali to court for violating the city's keg ordinance.
C
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Franz, the owner and manager of Green's Grocery Store, contracts to buy sixty crates of fresh peaches from Holly, the owner and manager of Ideal Farms. Suppose that Holly dies before she can harvest and deliver the peaches. How does Holly's death affect
their contract? If Holly does not die, but does not deliver, and Franz suffers a loss, is there any limit to the time within which Franz can file a suit against Holly for breach of con¬tract? If so, how might Franz extend this time?
Which of the following statements is CORRECT?
A. If one firm has a higher total debt to total capital ratio than another, we can be certain that the firm with the higher total debt to total capital ratio will have the lower TIE ratio, as that ratio depends entirely on the amount of debt a firm uses. B. A firm's use of debt will have no effect on its profit margin. C. If two firms differ only in their use of debt-i.e., they have identical assets, identical total invested capital, sales, operating costs, interest rates on their debt, and tax rates-but one firm has a higher total debt to total capital ratio, then the firm that uses more debt will have a lower profit margin on sales and a lower return on assets. D. The total debt to total capital ratio as it is generally calculated makes an adjustment for the use of assets leased under operating leases, so the debt ratios of firms that lease different percentages of their assets are still comparable. E. If two firms differ only in their use of debt-i.e., they have identical assets, identical total invested capital, operating costs, and tax rates-but one firm has a higher total debt to total capital ratio, then the firm that uses more debt will have a higher operating margin and return on assets.
Why is it so important that you make all of your credit and loan payments on time?
A) Late payment history lasts 7 years on your credit file. B) The lender will be annoyed and not extend additional credit to you. C) Late payment history lasts 10 years on your credit file. D) Paying your credit cards and loans late can lead to bankruptcy.
If money is reserved each year to guarantee that a bond will be paid off at maturity, the money will be held in a ____ fund.
A. capitalization B. sinking C. compounding D. retirement E. redemption