Which of the following statements is true about the sovereign acts doctrine?
A) It allows one Congress to bind a later Congress.
B) It does not allow the government to pass laws that discharge its preexisting contractual obligations.
C) It allows Congress to pass legislation deliberately targeting its existing contractual obligations.
D) It protects the government in a subsequent suit for breach of contract if a new law of general application indirectly affects a government contract.
D
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The tax benefit from depreciation expense is the depreciation amount divided by the tax rate
Indicate whether the statement is true or false
Ted loaned his snow blower to Rajesh but told him he had to return it by January 7 when Ted would be home from vacation
Ted went to Rajesh on January 7 and asked for it back, but Rajesh said he had taken it to his chalet up north and was keeping it as Ted owed him money for a fence repair and the snow blower was worth about that much. As a result Rajesh is A) liable for trespass to goods B) liable for conversion C) liable for negligence D) liable for inducing breach of contract E) not liable for anything if the snow blower is the same value as the fence repair
Davanna is describing her company's organizational structure. Which of the following terms would she use in her description?
A. cognitive ability B. cultural values C. personality testing D. work specialization E. newcomer orientation
The Cheese Shoppe's liabilities total $59,000 and its owners' equity is $124,000. Which of the following is true?
A. The total assets equal $65,000. B. The firm's assets are $124,000. C. The current liabilities are less than the current assets. D. The total assets equal $183,000. E. The firm's sales are $183,000.