List and define the common law causes of action for environmental damage
Private Nuisance-Substantial and unreasonable interference with the use and enjoyment of a person's land.
Public Nuisance-Interference with the health, safety, or comfort of the public.
Trespass-An invasion of land that interferes with the right of exclusive possession of the property.
Strict Liability-For abnormally dangerous activities, is liability without fault for an individual who engages in an unduly dangerous activity in an inappropriate location.
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______ control is an approach to organizational control that is characterized by informal and organic structural arrangements.
A. Decentralized B. Functional C. Relational D. Bureaucratic E. Market
On December 1, 2018, a U.S. company sold merchandise to a foreign company for 750,000 yuan. The payment in yuan is due on January 31, 2019. The spot rate was as follows: $0.20 per yuan on December 1, 2018; $0.19 per yuan on December 31, 2018; and $0.21 per yuan on January 31, 2019 when the payment was received. Which of the following incorrectly describes the accounting for this foreign currency transaction?
A. The foreign currency transaction gain included on the income statement for the year ending December 31, 2018 was $7,500. B. The receivable was recorded at $150,000 on December 1, 2018. C. The foreign currency transaction gain included on the income statement for the year ending December 31, 2019 was $15,000. D. The receivable was recorded at $142,500 on the December 31, 2018 balance sheet.
In a bailment ownership is transferred to the bailee at the end of the term
Indicate whether the statement is true or false
Harriett raises and sells hippos. In order to keep her hippos happy and healthy, she feeds them Hippo Chow, which she buys from the local pet store. Under the UCC, Harriett is A)a merchant of both hippos and Hippo Chow
B)a merchant of hippos, but not of Hippo Chow. C)a merchant of Hippo Chow, but not of hippos. D)not a merchant of either hippos or Hippo Chow.