A party who confers a benefit on someone else unnecessarily can invoke the principle of quasi contract to recover the cost.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Which of the following is TRUE of a liquidation of a partnership?
A) It allocates the gain or loss on sale of assets to the partners' capital accounts based on the profit-and- loss-sharing ratio. B) The remaining cash after paying all liabilities are paid to the partners based on their profit-and-loss- sharing agreement. C) Before a business is liquidated, its books should not be adjusted or closed. D) It involves the selling of short-term liquid assets and does not involve the sale of fixed assets.
Because customers almost always have objections during the presentation or closing step of the selling process, all salespeople should anticipate and be prepared to respond to objections
Indicate whether the statement is true or false
Samson owns 1,500 shares out of the 10,000 outstanding shares of Comakote Corporation. If Comakote declares a stock dividend of 30 percent, what will be the total stock Samson has upon receiving his stock dividend?
A) 2,250 B) 4,500 C) 1,950 D) 5,400
North Construction had $850 million of sales last year, and it had $425 million of fixed assets that were used at only 60% of capacity. What is the maximum sales growth rate North could achieve before it had to increase its fixed assets?
A. 54.30% B. 57.16% C. 60.17% D. 63.33% E. 66.67%