Sid burned his own warehouse in an attempt to collect on a fire insurance policy. Sid has committed
A. arson since he maliciously used fire to damage or destroy personal property.
B. larceny since he committed an act intended to wrongfully obtain money from his insurance company.
C. a crime called "burning to defraud insurers" since the crime of arson only applies to property owned by another person.
D. an intentional tort, but not a crime since a person has a right to destroy his own property.
Answer: A
You might also like to view...
Deceptive pricing practices include misrepresenting the product's features or performance or luring customers to the store for a bargain that is out of stock
Indicate whether the statement is true or false
Wang Co. manufactures and sells a single product that sells for $450 per unit; variable costs are $270 per unit. Annual fixed costs are $800,000. Current sales volume is $4,200,000. Management targets an annual pre-tax income of $1,125,000. Compute the dollar sales to earn the target pre-tax net income.
A. $4,812,500. B. $2,612,613. C. $3,378,378. D. $2,991,004. E. $5,640,000.
Which of the following allowed Tata cars to be successful?
a. their low-cost cars b. their small cars c. their self-parking capabilities d. their line of scooters
Calculate the cost of goods sold using the following information: Direct materials used$298,500 Direct labor used 132,000 Factory overhead costs 264,000 General and administrative expenses 85,500 Selling expenses 48,800 Work in Process inventory, January 1 118,500 Work in Process inventory, December 31 125,900 Finished goods inventory, January 1 232,100 Finished goods inventory, December 31 238,700
A. $687,100. B. $680,500. C. $701,900. D. $674,600. E. $772,600.