Contributory negligence is a defense to a warranty of merchantability cause of action
a. True
b. False
Indicate whether the statement is true or false
False
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The FIFO method separates beginning inventory and current production to compute cost per unit of production
Indicate whether the statement is true or false
Which of the following is common between a minitrial and a summary jury trial?
A) The judgment delivered by the neutral party is binding on both the parties. B) The neutral party delivers a binding judgment if the parties are not able to reach an agreement. C) The disputing parties confer to reach a settlement after the verdict has been delivered. D) The jurors are selected by the disputants in both these methods of dispute resolution.
Glebe Company accepted a credit card account receivable in exchange for $1,100 of services provided to a customer. The credit card company charges a 5% fee for handling the transaction. What effect will the collection of cash from the credit card company have on the elements of the financial statements?
A. Increase assets by $1,045 B. Increase assets by $1,100 C. Decrease assets and stockholders' equity by $55 D. None of these answer choices are correct
Self-defense is a defense to an allegation of both assault and battery
a. True b. False Indicate whether the statement is true or false