Brian makes a material misrepresentation of fact regarding his horse to Rosalind while out riding one day. Later that day, Rosalind makes an offer to buy the horse which Brian accepts, without correcting his earlier misrepresentation of fact. In this case:
a. Brian may avoid the contract.
b. Rosalind may avoid the contract.
c. either or both Brian or Rosalind may avoid the contract.
d. neither Brian nor Rosalind may avoid the contract.
b
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A loss on disposal of a segment would be reported in the income statement as a(n)
a. administrative expense b. other expense c. deduction from income from continuing operations d. selling expense
Which of the following statements is true of liability to third persons?
A. Contract law has been widely used by third persons suffering damages as a result of an accountant's breach in the absence of special circumstances. B. At common law, recovery by a creditor was not permitted on the theory that the creditor was a third-party beneficiary of the contract employing the accountant. C. Historically, third-party suits against accountants were generally permitted by the privity doctrine. D. Common law required showing that the accountant was aware that the audit was ordered to satisfy the demand of a creditor or prospective creditor.
By having a global orientation, leaders ______.
a. are less likely to engage with members of other cultures b. will be slow to make negative attributions c. will not need to seek advice from others who have more experience with a particular culture d. are less likely to travel to foreign countries
The "Stop. Think. Tylenol." ad slogan is an example of a moral appeal
Indicate whether the statement is true or false