Jack sells Jim a used car that Jack falsely described as having been driven only 12,000 miles. Fraud has occurred if:
A) Jim bought the car solely because of its color
B) Jim knew that the mileage was more than 12,000 miles.
C) Jim relied upon Jack's statement.
D) Jack is a merchant.
C
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Basil Corporation issues for cash $1,000,000 of 8%, 10-year bonds, interest payable annually, at a time when themarket rate of interest is 7%. The straight-line method is adopted for the amortization of bond discount orpremium. Which of the following statements is true?
a. The carrying amount increases from its amount at issuance date to $1,000,000 at maturity. b. The carrying amount decreases from its amount at issuance date to $1,000,000 at maturity. c. The amount of annual interest paid to bondholders increases over the 10-year life of the bonds. d. The amount of annual interest expense decreases as the bonds approach maturity.
How is a debtor protected in bankruptcy from the moment of filing?
A. An automatic stay is placed on all collection efforts. B. Personal guaranties of loans are voided. C. The debtor has access to credit counseling. D. Certain transactions are now considered to be voidable.
The specific request in a sales letter should be presented late in the message
Indicate whether the statement is true or false
What are the three main categories of logistics information systems? What function does each serve?
What will be an ideal response?