In the U.S., jurisdiction is: I. Defined by the U.S. Constitution II. Defined by various statutes
A) Both I and II

B) Neither I nor II.
C) I only.
D) II only.


A

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Patty buys a Persian rug from James, a plumber, in an online auction. James called Patty on Wednesday to inform her that she submitted the winning bid and that she could pick it up anytime or he would ship the rug to her on Friday. On Thursday, the rug was destroyed in a garage fire at James' house. Which of the following statements is true in this case?

A. Patty bears the loss as James was only providing a service. B. James bears the loss as he has tendered delivery of goods. C. Patty bears the loss as James is not a merchant. D. James bears the loss as he has not delivered the goods.

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Using the Indirect Method For the following question(s), indicate how each transaction described would be classified on a statement of cash flows if the operating activities section is prepared under the indirect method. When using the indirect method, where is the gain from selling a long-term investment appear on the statement of cash flows? (The proceeds from selling the investment are

considered separately.) A) Operating activity B) Investing activity C) Financing activity D) Financing and Investing activities

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________ are firms that enter a market after the first mover.

A. Nonleaders B. Followers C. Second movers D. Market movers

Business

A right of action under section 10(b) may expire before a plaintiff discovers he has been wronged or even before damages have been suffered at all

a. True b. False Indicate whether the statement is true or false

Business