Joan brought her car into Ace's Service Station for a tune-up. After tuning up the car, Ace decided to visit his mother. Ace drove Joan's car. Ace was following all safety precautions when a negligent driver without insurance struck Joan's car. Joan sued Ace for the damages to her car. The probable result is:
A) Ace will win, since he was taking reasonable care of the bailed goods
B) Ace will win, since the bailee has the right to use the bailed goods.
C) Joan will win, since the harm was sustained during the bailee's unauthorized use of the property.
D) Joan will win, since bailees are absolutely liable for bailed goods in their possession and control.
C
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The letter of transmittal does all of the following except ________
A) summarizes the researcher's overall experiences with the project B) discusses the major results C) identifies the need for further action on the part of the client D) all of the above
A partnership is beneficial for both parties because the successive sales are:
A) equal to the initial sales B) greater than the initial or repeat sales C) not necessarily guaranteed D) a function of the price of the product E) transactional in nature
Profit margin can be calculated as:
A. operating income/sales revenue. B. operating income/average invested assets. C. sales revenue/average invested assets. D. average invested assets/sales revenue.
Match the following:
A. Allows the issuer to pay off the bonds early at a fixed price. B. Sale of debt securities directly to a single investor. C. Supported by specific assets pledged as collateral by the issuer. D. Allows the investor to transfer each bond into shares of common stock. E. Matures on a single date. F. Secured only by the "full faith and credit" of the issuing corporation. G. Includes underwriting, legal, accounting, registration, and printing fees. H. Matures in installments.