In selling a commercial building, Birdie tells Colt that the property has a certain capacity, making it suitable for a nightclub. Birdie knows nothing about the capacity of the building, but it is not as she specifies. Colt buys the building. ?Refer to Fact Pattern 14-4. On learning the truth, Colt confronts Birdie, who says she was not trying to fool him-she was only trying to make a sale
This is
A) a mistake of value.
B) a valid defense to a charge of fraud.
C) misrepresentation.
D) unconscionable.
C
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Which of the following is a noncurrent asset?
a. Land b. Accounts receivable c. Cash d. None of these choices.
Exhibit 7-2 Edwards Co purchased raw materials with a cost of $95,000 on March 2, 2015. Credit terms of 3/20, n/60 applied. Refer to Exhibit 7-2. If Edwards uses the net method and pays for the purchase on March 18, 2015, what amount is recorded in the Purchase Discounts Taken account?
A) $0 B) $2,850 C) $5,000 D) $3,000
In Maslow's need hierarchy, ________ includes the need for recognition and self-esteem.
A. self-actualization B. ego C. social D. physiological E. safety
Managers must apply the same ethical standards to their employees as they do to themselves
Indicate whether the statement is true or false