A bailment is different from a gift because?
A)?a gift requires consideration, but a bailment does not
B)?a gift requires delivery, but a bailment does not.
C)?in a bailment, only possession of the property is transferred to the bailee, whereas with a gift, both possession and ownership must pass to the donee.
D)?a gift is always a contract, but a bailment is generally not a contract.
C
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Donna gets her paycheck from Erstwhile Financial Services, Inc., her employer, and attempts to deposit it in her account at First National Bank. Grey, the bank's teller, notices that on the check the amount stated in words is different from the amount stated in numerals. Which amount can the bank lawfully credit to Donna's account?
What will be an ideal response?
Which of the following is included in the 7Cs framework for evaluating B2C web sites by Rayport and Jaworski?
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Marion Manufacturing had the following cash flows for the current year. The company uses the direct method in preparing the statement of cash flows. Cash receipts from issuance of stock$60,000 Bonds payable issued at face value 250,000 Cash dividends received from long-term investments 4,500 Cash paid for wages 20,000 Cash paid for dividends 5,000 Cash received from customers 42,500 Cash paid for other operating expenses 19,500 Cash paid to purchase equipment 100,000 ? If the cash balance at the beginning of the current year was $0, what is the amount of cash at the end of the year?
A. $212,500 B. $368,750 C. $56,250 D. $155,750