Artisans who retain goods are liable for conversion if they:
A. keep the goods without the right to a lien.
B. return the goods before the debt has been paid.
C. sell the goods for the unpaid charges.
D. lose the goods to the debtor in a fraudulent manner.
Answer: A
You might also like to view...
(Appendix) When preparing a schedule for the calculation of cash generated from operating activities under the direct method, a decrease in Accounts Receivable is
a. added to net sales. b. subtracted from net sales. c. added to operating expenses. d. subtracted from cost of goods sold.
The telephone bill for the current period is received and recorded, but payment will be made later. What effect does this transaction have on the accounting equation?
A) Assets and liabilities increase B) Assets and contributed capital increase C) Liabilities increase and retained earnings decrease D) Assets and liabilities decrease
Utah Light, Inc has a takeover offer from Cal Corp Utah Light is experiencing difficulty with earnings and its share price has dropped from $32 to $19. Cal Corp's offer is for $23 per share. Utah Light's board feels that because of pending plans and developing assets, it should not accept the offer. Must the board accept the offer?
Seasonal patterns
a. cannot be predicted. b. are regular repeated patterns. c. are multiyear runs of observations above or below the trend line. d. reflect a shift in the time series over time.