Fact Pattern 3-2AFine Dining Corporation files a suit against Eat-at-Joe's, Inc.Refer to Fact Pattern 3-2A. During the trial, Fine Dining's attorney questions the plaintiff's witness Floyd. Floyd, who is not an expert in the matter about which he is being asked, can
A. testify about any of the facts in the case.
B. testify about only what he personally observed.
C. offer his opinion about any of the evidence.
D. offer his conclusion with regard to the case.
Answer: B
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Central Investments bought 4,000 shares of Benet Company common stock on January 1, 2018, for $20,000, and 4,000 shares of Roy Company common on July 1, 2018, for $24,000. Benet declared dividends on December 31, 2018 of $3,000. At the end of 2018, the fair value of Roy was $30,000 and the fair value of Benet was $28,000. At the end of 2019, the fair value of Roy was $32,000 and the fair value of Benet was $24,000. These investments are reported in the long-term asset section of Central's balance sheet. Central owns 8% of Benet Company and 12% of Roy Company. Assume that the Roy Company stock was sold during 2020 for $31,000. The proper accounting recognition at the date of sale was
A. a realized gain of $6,000. B. an unrealized loss $1,000. C. a realized gain of $7,000. D. a realized loss of $1,000.
Birds hitting a plane on takeoff causing engine failure in flight is an example of what component of the skills model by Mumford?
A. competencies B. individual attributes C. career experiences D. environmental influence
In contrast to advice that lawyers typically offer about a crisis, public relations professionals would advise that you ________
A) tell as little as possible as often as possible B) say nothing of substance and say it very slowly C) provide prompt, frank, and full information D) speculate if necessary in media interviews
Corporate officers can normally be removed by the board of directors without cause
Indicate whether the statement is true or false