In MacPherson v. Buick Motor the court held for MacPherson for injuries caused by defective wheels on his Buick. This case allowed for negligence for product liability:
a. only when privity existed
b. with exception for contract warranty c. with implied warranty
d. without exception
e. except for commercial sales
d
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________ goods are products that you have to try before assessing its quality
A) Convenience B) Shopping C) Experience D) Durable
Which of the following would not be found in state statutes?
A) Laws regulating the licensing of real estate brokers B) Laws regulating the requirements for valid real estate contracts C) ILSFDA D) Laws governing partnership creation
On May 1, the City of Dustin was notified of approval of a $300,000 federal operating grant, payable on a reimbursement basis as the city expends resources for the intended purpose of the grant. As of May 1, no expenditures had been made for grant purposes. The journal entry to record approval of this grant will include:
A. A debit to Grants Receivable in the amount of $300,000. B. A credit to Revenues in the amount of $300,000. C. A credit to Deferred Inflows of Resources-Grant Proceeds in the amount of $300,000. D. No journal entry will be made until expenditures for the authorized purpose occur.
When accounting for the current impact of loss carrybacks and carryforwards it is proper to recognize
A. recognize the tax benefit of the operating loss carryback and carryforward as an asset. B. recognize the tax benefit of the operating loss carryforward as an asset. C. recognize the tax benefit of the operating loss carryback as a deferred liability. D. recognize the tax benefit of the operating loss carryforward as a deferred liability.