In which of the following situations would a court be likely to find that the witness to the situation had an affirmative duty to act?
a. Where a pedestrian witnessed an auto accident in which one of the drivers was injured.
b. Where an airline attendant witnessed one passenger threaten another passenger.
c. Where the driver of a car saw a two-year-old toddler wandering in the middle of a busy street.
d. All of these are situations where legally there is an affirmative duty to act.
b
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The salesperson promised the radio station manager that the new $30,000 computer system would be compatible with the equipment already used by the station. When the new computer system proved not to be compatible even after an additional $10,000 worth of new software, the station manager sued the salesperson and his company for:
A. violation of the Robinson-Patman Act. B. misrepresentation and breach of warranty. C. failure to adhere to the rules of full disclosure. D. violation of Title VII. E. misuse of relationship marketing.
A standard cost system may be used in
a. job order costing, but not process costing. b. process costing, but not job order costing. c. either job order costing or process costing. d. neither job order costing nor process costing.
Describe the effect of the operating and capital lease methods on the financial statements of the lessee
Answer the following statements true (T) or false (F)
In a sole proprietorship, there is a legal distinction between contributed capital and earned capital.