Scott was going out of town on a business trip. He lived in a bad neighborhood, so he wanted to
leave his car in his friend Lori's driveway for safekeeping. Lori agreed to allow Scott to do this
for no charge.
Scott gave Lori the keys in case the car had to be moved. While Scott was away,
the car was stolen through no fault of Lori's. Scott now sues Lori for the value of his car. What
result?
A) Lori is not liable; she owed no duty since this was a gratuitous bailment.
B) Lori is not liable; she owned duty of slight care, which she did not meet.
C) Lori is not liable; she owed a duty of slight care, which she met.
D) Lori is liable; she owed a duty of reasonable care, which she did not meet.
E) Lori is liable; she owed a duty of utmost care, which she did not meet.
C
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According to your textbook, when does organizational learning occur?
a. When the organization becomes more intelligent b. When everyone in the organization remembers and can recite all the established rules, policies and procedures c. When there is a change in an organizations culture such as changes in routines, processes, practices, and stories d. Organizations cannot learn, this is a trick question
Factors interfering with communication that may negatively affect the intended message are called _____
Fill in the blank(s) with correct word
When Raw Materials, Work in Process, and Finished Goods are recorded and carried at their standard cost, the actual prices paid for inputs and the actual quantities of inputs that are used in production affect the costs recorded in the inventory accounts.
Answer the following statement true (T) or false (F)
During its first year of operations, Puffin, Inc. reported Sales Revenue of $772,000 but collected only $606,000 from customers. At the end of the year, Accounts Receivable equals:
A. $606,000. B. $772,000. C. $1,378,000. D. $166,000.