Larry leaves his hat under the seat at the movie theater. Is this a bailment?
A) No, because the theater manager does not have physical control of the area in which Larry left the hat
B) No, because Larry did not pay the theater to keep his hat
C) Yes, if the theater manager finds the hat
D) Yes, since the theater controls the building
C
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If paid-in-capital in excess of par/preferred stock is $30,000, preferred stock is $200,000, paid-in-capital in excess of par/common stock is $20,000, common stock is $525,000, and retained earnings is $105,000 (deficit), the total stockholders' equity is $880,000
Indicate whether the statement is true or false
Under the doctrine of strict liability, bystanders who are injured by a defective product are entitled to the same protection as the consumers or users
Indicate whether the statement is true or false
A provision that requires employees to join the union as a condition of employment is called
A. a membership agreement. B. a union security agreement. C. a lockout agreement. D. a progressive agreement.
Because short-term interest rates are much more volatile than long-term rates, an investor would, in the real world, be subject to much more interest rate price risk if he or she purchased a 30-day bond than if he or she bought a 30-year bond.
Answer the following statement true (T) or false (F)