The trustees are generally not personally liable for the debts of a business trust

Indicate whether the statement is true or false


False

Business

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Dusty delivered his car to Gage's Garage for some routine repairs and at the time of delivery, was advised that the car would be ready in two days. That night, Dusty's car was stolen from the garage and was never recovered

If Dusty takes legal action against Gage in order to recover the value of the car, what will be the legal position? A) Dusty will not be able to recover the value of the car from Gage as he will be deemed to have assumed the risk of its loss. B) The garage operators will be deemed to have absolute liability for all goods lost in their possession. C) Dusty will have to prove that the garage operators were involved in the theft. D) Gage will not be found liable if it can show that it took reasonable measures to safeguard the car. E) The court will impose a very high standard of care on Gage which must show that it took every precaution to safeguard the car.

Business

The commitment of financial, human, and technical resources is highest during the:

A) Conceptualization phase. B) Planning phase. C) Execution phase. D) Termination phase.

Business

When would the "aided-in-the-agency" theory likely be asserted?

a. By a defending employer in an attempt to show that although an employee was acting within the scope of employment, the employer should not be held responsible for the employee's actions because the employee was aided by a non-employee. b. By a plaintiff in an attempt to show that even if an employee was acting outside the scope of employment, the employer may be liable for the employee's action because the employee was aided by the agency relationship. c. By a defending employer in an attempt to show that an employee was acting outside the scope of employment and that the employer should not, therefore, be held liable for the employee's actions. d. By a plaintiff in an attempt to show that an employee was acting within the scope of employment and that the employer should, therefore, be held liable for the employee's actions.

Business

During which stage of the KMS cycle are human insights captured together with explicit facts?

A) the managing knowledge stage B) the disseminating knowledge stage C) the refining knowledge stage D) the storing knowledge stage

Business