Intoxicated persons are liable in quasi-contract to pay the reasonable value for necessaries they receive

Indicate whether the statement is true or false


TRUE

Business

You might also like to view...

Which of the following is a law stating that performance increases with increasing stress to an optimum point, after which stress becomes too much and performance declines?

A. Shannon-Weaver law B. goal attainment law C. challenge-related law D. Yerkes-Dodson law

Business

States have authorized the formation of limited liability companies

a. True b. False Indicate whether the statement is true or false

Business

If the product price is $100, average variable cost $40 per unit, and the total fixed costs are $120,000, what is the breakeven point?

A. 500 units B. 2,000 units C. 1,200 units D. 300 units E. 3,000 units

Business

On April 1, Otisco, Inc. paid Garcia Publishing Company $1,548 for 36-month subscriptions to several different magazines. Otisco debited the prepayment to a Prepaid Subscriptions account, and the subscriptions started immediately. What amount should appear in the Prepaid Subscription account for Otisco, Inc. after adjustments on December 31 of the second year assuming the company is using a calendar-year reporting period and the previous year adjustment had been made?

A. $1,548. B. $0. C. $387. D. $516. E. $645.

Business