Because it is an appellate court, the U.S. Supreme Court has no original jurisdiction
a. True
b. False
Indicate whether the statement is true or false
False
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Current assets include cash and all other assets that may be reasonably expected to be converted into cash or consumed within one year or the normal operating cycle of the business, whichever is longer
a. True b. False Indicate whether the statement is true or false
Jane is the owner of a hair salon in a strip mall. Lucy is the owner of the shop next door to Jane and is concerned that owing to all the chemicals handled by Jane in her business, her salon could be damaged by fire
Lucy encourages Jane to take out a contact of insurance to protect her business but when Jane showed no inclination to do so, Lucy herself tried insure Jane's building. Can Lucy do this? A) Yes, because Lucy's business could be destroyed if a fire started on Jane's premises. B) No, because Lucy has no insurable interest in Jane's premises C) Yes, because under the principle of good neighborliness, the law allows one neighbour to insure the property of another. D) Yes because anyone can take out insurance on anything they wish. E) Only if she can prove that Jane is being negligent in not getting the insurance herself.
In a brief filed in Lea's suit against Mica in a state court, Neil, Lea's attorney, cites, Ole! Cafe v. Pan Foods Corp., an unpublished opinion. With respect to the persuasiveness of unpublished opinions, most states
A. allow their courts to consider such opinions. B. do not allow their courts to consider such opinions. C. impose certain hierarchical rankings. D. require their courts to consider such opinions.
If we are simply interested in determining whether the market as a whole, such as the S&P 500, is over- or undervalued, then the perpetual constant growth model is reasonable
Indicate whether the statement is true or false