The failure by an accountant to use the care of a reasonably competent accountant under the circumstances is:
a. negligence.
b. material breach.
c. substantial performance.
d. fraud.
a
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Which of the following laws would NOT be within the jurisdiction of a provincial government? A law
A) regulating overtime work B) requiring grade 12 math for high school graduation C) requiring seniors who make more than $80,000 to pay for their own drugs D)creating toll roads on major highways in the province E) All of these laws are within provincial jurisdiction .
Community Hospital in Atlanta entered into a contract to buy delicate lab equipment from D & D Company in Denver. The contract states shipping terms as FOB, Denver. While in transit the equipment was damaged beyond repair by the carrier, Fly-by-Nite Air Lines. The carrier is in weak financial condition and refused to pay for the equipment. In this case:
A) D & D Company must replace the equipment at no cost to the hospital. B) Community Hospital has risk of loss. C) D & D Company and Community Hospital will share the loss equally. D) risk of loss will depend on which party chose Fly-by-Nite as the carrier.
______ means that the good "must be of a quality comparable to that generally acceptable in that line or trade."
a. Warrantable b. Profitable c. Merchantable d. Marketable e. Acceptable
Which of the following is a self-regulating organization that the SEC has the power to monitor:
a. the New York Stock Exchange b. the American Stock Exchange c. the NASDAQ d. all of the other specific choices are correct e. none of the other specific choices are correct