A blank indorsement converts order paper to bearer paper and leaves bearer paper as bearer paper
Indicate whether the statement is true or false
True
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Which of the following is not a characteristic of accrual basis of accounting?
A) Revenues and expenses are reported in the period in which cash is received or paid B) Revenues are reported in the income statement in the period in which they are earned C) Supports the matching concept D) All are correct.
Which of the following elements has to be proved for a contract to be deemed unconscionable?
A) that the weaker party did not enter the contract under duress B) that the parties had equal bargaining power C) that the dominant party justly used its bargaining power D) that the adhering party had no reasonable alternative
When compared to traditional logistics, the transporter for e-logistics is frequently the same company
Indicate whether the statement is true or false
A person may use which of the following as a defense to the tort of trespass on land:
a. ignorance b. stupidity c. protecting the property from damage d. a state hunting license e. lack of awareness