Explain the title to goods when fungible goods are commingled
What will be an ideal response?
Confusion occurs if two or more persons commingle fungible goods (i.e., goods that are exactly alike, such as the same grade of oil, grain, or cattle). Title to goods can be acquired by confusion. The owners share ownership in the commingled goods in proportion to the amount of goods contributed by each owner. It does not matter whether the goods were commingled by agreement or by accident. If goods are wrongfully or intentionally commingled without permission, the innocent party acquires title to them.
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Which of the following statements is NOT CORRECT?
A. The free cash flow valuation model discounts free cash flows by the required return on equity. B. The free cash flow valuation model can be used to find the value of a division. C. An important step in applying the free cash flow valuation model is forecasting the firm's pro forma financial statements. D. Free cash flows are assumed to grow at a constant rate beyond a specified date in order to find the horizon, or terminal, value. E. The free cash flow valuation model can be used both for companies that pay dividends and those that do not pay dividends.
Job expansion can lead to increased labor cost because of the extra workers hired in the expansion
Indicate whether the statement is true or false
Frenchy's Fast Fries (3F) requires that its employees wear uniforms and protective clothing while on the job. 3F provides a locker room for the employees to leave their street clothes and personal items while working. A sign on the back of the locker room door states, "Frenchy's is not responsible for the loss of any property in the locker room." Grant, a 3F employee, changes his clothes in the locker room before starting work and leaves his wallet and watch in a pocket of his jacket hanging in his locker. When he returns after his shift, the wallet and watch are gone. Does Grant's leaving personal items in the locker room constitute a bailment? If so, what type of bailment? If not, what legal relationship is it? Does 3F's sign exculpate the company for Grant's loss? Why or why not?
What will be an ideal response?
The second quartile for a set of data will have the same value as the 50th percentile only when the data are symmetric
Indicate whether the statement is true or false