A party who would sustain a financial loss from the destruction of property has an insurable interest in it.
Answer the following statement true (T) or false (F)
True
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Two ways a salesperson can ________ is to show the buyer how to properly use the product and to make realistic claims about the product.
A. reduce routine decision making B. lower the buyer's level of dissonance C. reduce satisfaction D. modify selective retention E. increase dissatisfaction
The IRS files criminal charges against Rich for evasion of federal taxes. Rich's accountant, Sonya, is summoned to appear in court to testify against Rich. The state where the incident occurred recognizes an accountant-client privilege. Does Sonya have to testify in federal court against her client?
a. Yes. b. Yes, but only if she is granted immunity by her state. c. No, the federal court must recognize her state's accountant-client privilege. d. No, the federal accountant-client privilege will protect her from testifying.
An obligation of the merchant-seller that the goods are reasonably fit for general purposes for which they are manufactured and sold, and the goods are of fair average quality is known as:
a. a warranty of merchantability. b. strict liability. c. an express warranty. d. a warranty of fitness for a particular purpose.
What are the four functions of inventory?
What will be an ideal response?