Flem sells an all-terrain, off-road vehicle to Esteban without disclosing that the odometer, which reads 30,000 miles, was disconnected 50,000 miles ago. Flem is most likely liable for
A. duress.
B. fraud.
C. mistake.
D. nothing.
Answer: B
You might also like to view...
Unearned Revenue was $600 at the end of February and $750 at the end of March. Service Revenue was $4,200 for the month of March. How much cash was received from revenue during March?
a. $5,550 b. $4,050 c. $2,850 d. $4,350
The difference between sales and variable costs is called:
A) net income. B) gross profit C) contribution margin. D) cost of goods sold.
How are job specifications set?
What will be an ideal response?
Jenny is an officer of a corporation. She made a difficult business decision. When challenged about her decision, the court ruled she had acted in good faith and that the business judgment rule applied. As such A) Jenny will not be held personally liable for any harm her decision has caused the company
B) Jenny's decision will be reviewed by a court. C) Jenny is immune from a lawsuit. D) Jenny must resign from the board.