Bills of lading are negotiable instruments but cannot be used as collateral for an outstanding debt
Indicate whether the statement is true or false
False
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Missing responses represent values of a variable that are unknown, either because respondents provided ambiguous answers or their answers were not properly recorded
Indicate whether the statement is true or false
In which of the following situations might an employer be able to discriminate against a protected class but remain exempt from prosecution by the EEOC?
a. The CEO of a Fortune 500 company is hiring a personal executive assistant to work for him and him alone. b. A new moving company, which is run and staffed by three college grads, hires a fourth person to help them out part time. c. A major chain restaurant is hiring new staff to work in the kitchen of a new branch in a small town. d. A law firm that represents a wide variety of religious organizations of all faiths is hiring a new candidate for junior partner.
The consistency principle states that businesses should report the same amount of ending merchandise inventory from period to period
Indicate whether the statement is true or false
ABC Company manufactures a contraption meant to enable a rider to fly behind a ski boat. After a few months, ABC begins to hear of injuries when riders crash into water or boats. In hopes of escaping liability, the president of ABC Company decides to discontinue business and sell all assets to XYZ Company. The president of XYZ Company is excited to purchase the assets at a bargain price and help
ABC avoid liability based upon the assertion of the president of ABC that XYZ cannot legally be held liable for the flying accidents. Which of the following is true in a majority of states applying the traditional successor liability rule? a. XYZ Company will not be held liable for the accidents so long as there is no contractual agreement by which it agrees to accept liability. b. XYZ Company will only be held liable if it continues to manufacture the same product lines as ABC. c. XYZ Company will only be held liable if it keeps the same tax number as ABC Company. d. XYZ Company will likely be held liable for the accidents based upon the transaction being entered into wrongfully in order for ABC Company to escape successor liability.