Stan, an air conditioning and heating technician, files a suit against Temp-Set Corporation, alleging that its thermostats are unreasonably dangerous due to the possibility of electrical shock. Temp-Set's best defense is most likely
A) assumption of risk
B) knowledgeable user.
C) commonly known danger.
D) none of the choices.
B
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Ken decided to open a retail boat dealership. He expects that many of his sales will be credit sales. What should Ken do to protect his interests in the collateral in the credit sales that he makes?
When a partial assignment is made, the obligor may require all the parties entitled to the promised performance to litigate in one action any issues concerning the contract performance
a. True b. False Indicate whether the statement is true or false
Quantities recorded during the physical count of inventories are greater than the quantities in the perpetual records. This could be the result of a failure to record ________.
A) purchase discounts B) sales C) sales discounts D) purchases
Christie and Jergens formed a partnership with capital contributions of $300,000 and $400,000, respectively. Their partnership agreement calls for Christie to receive a $60,000 per year salary. Also, each partner is to receive an interest allowance equal to 10% of a partner's beginning capital investments. The remaining income or loss is to be divided equally. If the net income for the current year is $135,000, then Christie and Jergens's respective shares are:
A) $67,500; $67,500. B) $92,500; $42,500. C) $57,857; $77,143. D) $90,000; $40,000. E) $35,000; $100,000.