In Gieseke v. IDCA, Gieseke formed a company to compete with his old employer and worked with one of the former owners of his old employer in the new company. His former employer moved some of the equipment of the new company and changed its mailing address without permission of Gieseke or his partner. When Gieseke sued his former employer the courts held that the former employer:
a. was not liable in tort as its actions did not go beyond "normal business activities"
b. was not liable as Gieseke was not properly licensed
c. was liable for negligent misrepresentation of Gieseke's business to other parties
d. was liable for interference with prospective contractual relations
e. none of the other choices
e
You might also like to view...
Adya loaned $300 from Olga to buy a phone. He gave Olga the authority to sell his music system if he failed to pay her back $300. He failed to pay back the loan as promised. Under these circumstances, ________.
A. if Adya dies and the debt remains unpaid, there is termination of the agency B. a dual agency exists C. Adya can revoke Olga's power if the phone is damaged D. Adya cannot revoke Olga's power to sell the music system
The cash basis recognizes revenue when cash is received and expenses when cash is paid
Indicate whether the statement is true or false
Camps Inc. has a standard cost system. The standards for direct materials for one of its products specify 4.4 ounces of a particular input per unit of output at a standard cost of $6.40 per ounce. The company has reported the following actual results for the product for May:?Actual output2,900 units?Raw materials purchased14,600 ounces?Actual cost of raw materials purchased$86,140??Raw materials used in production12,770 ouncesRequired:a. Compute the materials price variance for this input for May.b. Compute the materials quantity variance for this input for May.
What will be an ideal response?
Diversification refers to the _____.
A. reduction of the stand-alone risk of an individual investment, which is measured by its beta coefficient, by combining it with other investments in a portfolio B. reduction of the stand-alone risk of an individual investment, which is measured by the standard deviation of its returns, by combining it with other investments in a portfolio C. reduction of the systematic risk of an individual investment, which is measured by its beta coefficient, by combining it with other investments in a portfolio D. reduction of the systematic risk of an individual investment, which is measured by the standard deviation of its returns, by combining it with other investments in a portfolio E. reduction of the unsystematic risk of an individual investment, which is measured by its beta coefficient, by combining it with other investments in a portfolio