Tom established a bank account for his daughter Mary under the Uniform Gifts to Minors Act. Tom named himself the custodian. Later, Tom had a serious disagreement with Mary and ordered the bank to transfer the money in that account to a similar account maintained in the same bank for Tom's son Ed. The bank must:
A) comply with Tom's order, because the custodian controls the account
B) refuse Tom's order, because this would clearly not be for the benefit of Mary.
C) comply with Tom's order, because Uniform Gifts to Minors accounts are not final.
D) comply with Tom's order if Mary is under 18 years of age and refuse the order if she is over 18 years of age.
B
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Allen calls PepsiCo, the makers of Pepsi Cola, saying that he is an employee of Coca-Cola and he has the Coca-Cola secret recipe. The recipe is legendary as a closely guarded secret supposedly known to only a handful of people in the world. They arrange a meeting. Allen begins the meeting by stating that he acquired the recipe legally, and the PepsiCo representative says that she believes him and PepsiCo will buy it. Allen in fact stole the recipe. Since PepsiCo does not know specifically that the recipe was acquired improperly by Allen, the company cannot be guilty of misappropriation.
Answer the following statement true (T) or false (F)
Whomever has a well written resume will be interviewed for the position
What will be an ideal response?
When a firm decides that a particular customer account is uncollectible, it removes that account by debiting the Allowance for Uncollectibles and crediting Accounts Receivable, Gross. This process is called writing off the account
Indicate whether the statement is true or false
In a short essay, discuss what factors could explain why some regions have not moved forward on the UN Millennium Development Goals (MDGs) according to Sachs and MacArthur.
What will be an ideal response?