A(n) ________ is a statutory lien given to workers on personal property to which they furnish services or materials in the ordinary course of business.
Fill in the blank(s) with the appropriate word(s).
Ans: Artisan's Lien
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[APPENDIX] A balance sheet of a sole proprietorship includes only the business assets and liabilities, not the personal assets of the owner
a. True b. False Indicate whether the statement is true or false
The Regent Company purchased equipment for $100,000 cash. What is the effect on assets?
A) Increase B) Decrease C) No net effect D) Cannot be determined from this limited information.
Jessica is babysitting Kyle one afternoon when Kyle starts bleeding from his nose. Jessica manages to stop the bleeding and rushes out to the nearest pharmacy—three miles away—to get medication for him
While doing so, she locks the house from outside and asks Kyle not to leave the house until she returns. The only way he can get out of the house is by breaking a window. Due to a roadblock on her way back, Jessica is delayed by an hour. Which of the following statements is true in this case? A) Jessica is liable for kidnapping. B) Jessica is liable for negligence as well as breach of duty of care. C) Jessica can be sued for false imprisonment. D) Jessica is not liable for prosecution for an intentional tort.
________ is a form of discharge by mutual agreement
A) Rescission B) Arbitration C) Accord and satisfaction D) Separation of powers