Amy owned a collection of antique swords. Amy agrees to allow Mark to display the swords at
his office building at no charge. Mark picks up the swords, places them in the back seat of his
car and drives to the building.
He stops along the way, parks and locks his car, and goes into a
store to buy something. When he returns, someone has broken into the car and stolen all of
Amy's swords. Amy sues Mark for the value of the swords. In this situation:
A) Mark is liable; he owed a duty of ordinary care, which he did not meet.
B) Mark is not liable; he owed a duty of ordinary care, which he met by locking the doors of
the car.
C) Mark is liable; he owed a duty of utmost care, which he did not meet.
D) Mark is liable; he is an insurer of Amy's swords.
E) Mark is liable; he owed a duty of slight care, which he did not meet.
C
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When auditors examine and test the call-back feature, they are testing which audit objective?
a. incompatible functions have been segregated b. application programs are protected from unauthorized access c. physical security measures are adequate to protect the organization from natural disaster d. illegal access to the system is prevented and detected
A hostile encounter that occurs as a result of opposing needs, wishes, or ideas is called:
a. problem solving. b. negotiation. c. a difficult situation. d. conflict.
All of the following statements accurately describe the debt ratio except.
A. It is of use to both internal and external users of accounting information. B. The ratio is computed by dividing total equity by total liabilities. C. A relatively low ratio signifies lower risk. D. Higher financial leverage means greater risk. E. The ratio is computed by dividing total liabilities by total assets.
The probability that a project will be completed by its earliest expected completion date is:
A) 50 percent. B) 95 percent. C) 100 percent. D) impossible to determine.