Emmett, an agent for Fridley, signs an agreement with Glover on Fridley’s behalf but neglects to tell him that the agreement requires the payment of a certain tax. The government prosecutes Fridley for failing to pay the tax. He is
A. liable, because notice to Emmett is notice to Fridley.
B. liable, because notice to Glover is notice to Fridley.
C. not liable, because Emmett did not notify Fridley of the tax.
D. not liable, because Glover did not tell Fridley about the tax.
Answer: A
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The courts are likely to provide remedies in all but which of the following cases?
a. A person refuses to return your friend's book. b. A stranger refuses to help rescue a drowning child. c. A person pushes a stranger into the lake. d. A driver maneuvers recklessly on a busy street.
Indorsement can convert an order instrument into a bearer instrument
Answer the following statement true (T) or false (F)
Bakan Corporation has provided the following production and average cost data for two levels of monthly production volume. The company produces a single product. Production volume 3,000units 4,000unitsDirect materials$86.30per unit$86.30per unitDirect labor$26.40per unit$26.40per unitManufacturing overhead$75.90per unit$60.40per unitThe best estimate of the total variable manufacturing cost per unit is: (Round your intermediate calculations to 2 decimal places.)
A. $126.60 B. $112.70 C. $86.30 D. $13.90