SealCoat Paving enters into a contract with Royal Golf & Tennis Club to provide surface material for Royal's tennis courts by April 1 for a tournament to begin May 1. The contract specifies an amount to be paid if the contract is breached. This is a liquidated damages clause if the amount is
A. meant to pay for additional liquid sealant in the event of damage.
B. a reasonable estimate of the loss on a breach.
C. designed to penalize the breaching party.
D. intended to quickly provide cash to the nonbreaching party.
Answer: B
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In the United States v. Forrester case referenced in the text, the Ninth Circuit Court of Appeals addressed the issue of whether, without a search warrant, the government can obtain e-mail addresses and information regarding Internet sites visited through installation of a surveillance device at the location of the Internet service provider. How did the court rule?
a. That the government violated the defendant's constitutional rights because no warrant was obtained. b. That obtaining the information did not constitute a Fourth Amendment search, because the defendant did not have an expectation to privacy in emails or websites he visited. c. That obtaining the information constituted a Fourth Amendment search, but that the defendant's constitutional right to privacy were not violated. d. That obtaining the information did not constitute a Fourth Amendment search, but that the defendant's due process rights were violated.
The principles of the Treaty of Rome were based on the creation of a customs union that would remove internal tariffs for members
Indicate whether the statement is true or false
Helmers Corporation manufactures a single product. Variable costing net operating income last year was $86,000 and this year was $103,000. Last year, $32,000 in fixed manufacturing overhead costs were released from inventory under absorption costing. This year, $12,000 in fixed manufacturing overhead costs were deferred in inventory under absorption costing. What was the absorption costing net operating income this year?
A. $81,000 B. $123,000 C. $83,000 D. $115,000
Question: A friend asks if he should set alpha at .05 or .01. Which do you recommend and why?
What will be an ideal response?