Someone breaches a contract when he or she fails to perform a duty, even with a valid excuse.
Answer the following statement true (T) or false (F)
False
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During presentations before the legislature, you should:
A) Take your time and thoroughly answer all questions B) When necessary, reinforce other’s testimony through repetition C) Prepare a fact-based opening statement D) All of the above
Patricia has a valid judgment against David, which she now wishes to execute. David has no assets in the state where the judgment was entered. He has now moved to California where rumor has it he owns thousands of acres of beach-front property. Patricia may execute her judgment in California based on what type of jurisdiction?
a. Subject matter jurisdiction. b. Concurrent federal jurisdiction. c. Quasi in rem jurisdiction. d. Diversity of citizenship jurisdiction.
A company made no adjusting entry for accrued and unpaid employee salaries of $9,000 on December 31. Which of the following statements is true?
A. It will understate assets by $9,000. B. It will have no effect on income. C. It will understate net income by $9,000. D. It will understate expenses and overstate net income by $9,000. E. It will overstate assets and liabilities by $9,000.
An agency relationship created for a purpose that is illegal is unenforceable.
Answer the following statement true (T) or false (F)