Jack entered into a contract with a local truck dealer to have a new car delivered to his son, Josh, as a graduation present. On this contract, Josh is:
a. an incidental beneficiary.
b. a creditor beneficiary.
c. an assignor.
d. a donee beneficiary.
d
You might also like to view...
At December 31 . 2014, Ambrose Sales & Service has a $100,000, 120-day note payable outstanding. The company has followed the policy of replacing the note rather than repaying it over the last three years. The company's treasurer says that this policy is expected to continue indefinitely, and the arrangement is acceptable to the bank to which the note was issued. The proper classification of the
note on the December 31 . 2014, balance sheet is a. dependent on the intention of management. b. dependent on the actual ability to refinance. c. current liability, unless specific refinancing criteria are met. d. noncurrent liability.
Which of the following statements is true?
a. A good cost management system is a key consideration in determining an organization's mission. b. The organization's mission is a critical success factor in assessing how to react to competition. c. Knowledge of an organization's critical success factors help to clarify organizational mission and develop a cost management system. d. An organization must establish a position of cost leadership to compete in a global business environment.
Personnel Employment, Inc, has been ordered to appear at a hearing be¬fore an administrative law judge of the Social Security Administration. A significant difference between a trial and an administrative hearing is that
a. attorneys are not allowed to attend administrative hearings. b. clients are not allowed to communicate with their attorneys dur¬ing adminis¬trative hearings. c. hearsay can be introduced as evidence in an administrative hearing. d. the burden of proof is on the charged party to prove innocence.
Under which of the following conditions would a principal or employer be liable for the tort of an agent or employee:
a. the tort was authorized by the principal b. the tort occurred within the scope of employment c. the tort was not authorized by the principal d. both a and b are correct e. none of the other choices are correct