Accountants are subject to civil liability under the Securities Act of 1933 if the financial statements they prepare or certify for inclusion in a registration statement contain any untrue statement or omit any material fact, but only if reliance on the financial statements is proven
a. True
b. False
Indicate whether the statement is true or false
False
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In ______, group members take more chances than they would on their own.
Fill in the blank(s) with the appropriate word(s).
Assume a state has a criminal statute that punishes "every person who by himself or his employee or agent sells anything at short measure.". Chris, an employee of Watkins Fencing, Inc within that state, intentionally sells wire fence to Nowton Construction at short measure. Watkins:
a. may be held criminally liable for Chris's act even if Watkins did not authorize this action. b. will only be held liable if Chris is a managerial employee. c. cannot be vicariously liable for Chris's action unless Watkins directed, participated in, or approved of the act. d. will not be vicariously liable for Chris's action if it was not authorized because the element of mental fault is missing on the part of Watkins.
A forged signature on a check has no legal effect as the signature of a drawer
Indicate whether the statement is true or false
Jana tells Levi she will give him an Xbox if Levi does Jana's chores for a month. Levi promises to do the chores. Jana and Levi have formed A) abilateral contract
B) aunilateral contract. C) avoid contract. D) anunenforceable contract.