An assignment involving real property
a. usually requires no special form.
b. may be made orally.
c. must be in writing.
d. may be made orally or in writing.
C
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Fulton Educational Company, Inc has a matter of material litigation that is threatened, but that has not gone to trial. The auditor's consideration of such a matter will not include which of the following?
a. Sending a letter to the client's attorneys for more information. b. Discussing the matter with the client and their insurance adjuster. c. Confirming with the harmed party regarding the amount that will be claimed. d. Assessing whether accrual or disclosure by the client was reported in accordance with GAAP.
Speeches about people include all of the following EXCEPT
a. a speech about someone famous. b. a speech about someone you know personally. c. a speech about someone abhorrent to all. d. a speech about a cartoon character.
Walter worked nights as a clerk in a fast-food store. On his last work shift, Walter's boss told him, "I'm really grateful for the year that you have worked here. I am going to give you a bonus of $1,000 in your last paycheck." When Walter got his last paycheck, there was no bonus. If Walter sues, the likely result will be:
a. Walter will win, as the promise is enforceable. b. Walter will lose, as he gave no consideration. c. Walter will lose unless the promise was in writing. d. Walter will win, as no consideration is required to modify an employment contract.
The best precaution for a store owner who is about to sell a laptop computer to a minor is to
a. sell for cash only. b. have the agreement in writing. c. indicate to the minor that the sale is final. d. obtain the parent's signature on the agreement along with the minor's.