Farmer Fred is leasing pasture land from Wealthy Warren. Farmer Fred is working the soil to turn the pasture land into land that will be able to grow crops. As Farmer Fred is preparing the field, he discovers a treasure chest full of gold and silver coins. The coins are all dated before 1810. A finder of treasure trove under common law,
A. is entitled to keep the treasure trove.
B. is required to turn the property over to the owner. Here, under common law, Farmer Fred is required to turn the treasure trove over to Wealthy Warren.
C. is required to turn the treasure trove over to the State.
D. is required to turn the treasure trove over to the federal government who will give the treasure trove to the closest Native American reservation.
Answer: A
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In a highly regulated, monopolistic industry, such as the electrical utility or TV cable, a cost management system is
a. of limited need because costs are typically passed along to customers via the rate structure. b. essential because of the need to provide the highest degree of cost efficiency possible for customers. c. critical to the needs of empowered employees making decisions at various levels of the organizational hierarchy. d. of no use because there is no attempt by management to control costs.
Why are bad news messages challenging to compose?
A) They must be lengthy and vague to avoid legal consequences. B) They require you to achieve a number of goals that are incompatible at first glance. C) They make it impossible to maintain your audience's goodwill. D) They force you to offend your audience. E) They demand that you begin with the bad news, thus standing a good chance of alienating your audience from the start.
A(n) ________ contract creates the right—but not the obligation—to buy or sell a specific amount of a commodity at a fixed price within an agreed-upon period of time
A. forward B. spot C. future D. option
The degree of leverage concept is designed to show how changes in sales affect earnings before interest and taxes (EBIT) and earnings per share (EPS). If a 10 percent increase in sales causes EPS to increase from $1.00 to $1.50 and if the firm uses no debt, then what is its degree of operating leverage?
A. 0.5× B. 1.5× C. 2.0× D. 5.0× E. 7.5×