Fraud in the inception exists when the misrepresentation occurs at the beginning of negotiations
Indicate whether the statement is true or false
FALSE
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Stock profitability is often measured by:
A. book value. B. return on equity. C. market value. D. net profit margin. E. beta.
Which term refers to the adherence to a strict ethical and moral code?
A. humility B. integrity C. sincerity D. honesty E. courage
A check for $236 is incorrectly recorded by the company as $263. On the bank reconciliation, the error would
A) appear as a deduction of $27 from the balance per books. B) appear as an addition of $27 to the balance per bank. C) appear as a deduction of $263 from the balance per books and an addition of $236 to the balance per bank. D) appear as an addition of $27 to the balance per books.
Unlike tort law, contract law states that:
A. the only duties that a person owes are those that have been explicitly promised to another party. B. no matter how careful a business is in its product, if harm results from use, the business is liable. C. the reasonable person standard can be interpreted in various ways. D. one owes other people certain general duties, even if one has not voluntarily assumed them.