The ________ is a duty owed by a member of an LLC to not act adversely to the interests of the LLC.
A. duty of discharge
B. duty of restitution
C. duty of loyalty
D. duty of resolution
Answer: C
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E-business presents unique pressures and opportunities for fraud including:
a. proven business models that generate cash flows. b. extensive personal contact which increases customer satisfaction with the purchase. c. heightened privacy due to the ability to conduct business from home or office. d. lack of "brick-and-mortar" and other physical facilities.
If Connie buys real estate subject to an existing mortgage, she will have to pay the mortgage if the mortgagor does not
a. True b. False Indicate whether the statement is true or false
The systematic recording, reporting, and analysis of the financial transactions of a business is called ________.
A. accounting B. reconciliation C. cost analysis D. cash flow analysis
Jim told his manager, Lana, that a co-worker, Diane, had been in prison for theft. Lana checked into the matter and when she learned that Diane had served time in prison for theft, she fired her
A) Jim is liable to Diane for defamation. B) Jim is liable to Diane for defamation unless he can show a legitimate reason for having to tell Lana about Diane's prison history. C) Jim is liable to Diane for defamation only if she is a public figure. D) Jim is not liable to Diane for defamation.