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sineoko [7]
2 years ago
12

Sofia tells her Accountant, Luca, to prepare the financial statements of her business and then send them to Chase Manhattan Bank

. She tells Luca that she wants to get a loan for her struggling business. Luca prepares the statements and emails them to the Bank. Six months later, Sofia's business files for bankruptcy. Chase files suit against Luca because he prepared the financial statements negligently. He made Sofia's business look better than it really was. If Luca was negligent in preparing the statements, under which rule or rules can he be liable to Chase for negligence
Business
1 answer:
Sergeeva-Olga [200]2 years ago
5 0

Answer:

Law of tort

Explanation:

A tort can be basically described as an act or omission, which gives rise to an injury or harm, that could results into a civil wrong that could warrant a liability.

A tort can exist in 3 forms;

1. Negligence

2. Intentional torts, and

3. Strict liability.

The scenario under study here is a clear case of negligence. Here, the bank opined that there is deliberate and deceitful representation of the financial statement. Luca, the accountant, acknowledged that he was negligent in the preparation of this financial statements. The rule that governs this borders on negligence, and thus laws of tort comes handy in addressing this.

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AlladinOne [14]

Answer:

Option D                      

Explanation:

A positive or explanatory statement in the humanities and psychology is about what "is," "was" or "will be," and does not involve any impression of acceptance or rejection.

The positive explanation is supported by empirical evidence. For eg, "A rise in taxes would lead to less usage" and "A decrease in fuel production would cause an increase to its value."

Positive assumptions are commonly used to explain the observable, such as the inflation rate in a country. These are primarily used to explain hypotheses and principles.

8 0
3 years ago
Katy, a manager, is evaluating her team members by rating them from best to worst. This rating is based on their overall perform
grin007 [14]

Answer:

a.The simple ranking method.

Explanation:

From The given scenario is based on the simple Ranking method which is the simplest method of Appraisal under which every employee is compared with the others and ranked from best to worst.

4 0
3 years ago
(1) Real-Balances Effect
ozzi

Answer:

(A) 5 and 10.

Explanation:

Factor which can shift the Investment spending:

(5) Profit Expectations

              If the firm forecast a good economy will probably invest more than if it forecast a bad economy. businessman will increase and decrease their investment based on expepectations.

(10) Degree of Excess Capacity

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4 0
3 years ago
Consider two very different firms, M and N. Firm M is a mature firm in a mature industry. Its annual net income and net cash flo
Bumek [7]

Answer:

a. Firm M probably has a higher dividend payout ratio than Firm N.

Explanation:

The dividend payout ratio is commonly referred to a portion of the net income of the company which is paid to the various shareholders in dividends. Therefore, if we consider the statements made in the question, Firm M has a higher annual net income while the annual net income of Firm N is fluctuating, we can conclude that the dividend payout ratio of Firm M is more than that of Firm N.

6 0
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nalin [4]

Answer:

False

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If it is on-spot offer: On-spot offer, interview the candidates and provide a spot offer and even do verification on the same day.

If it is walk-in: It depends on the process that the organization has planned each time. Mostly there will be multiple rounds, each will be conducted in one day depending on the strength of the candidate.

Job fairs: It is possible only to conduct the initial round. So it does not end in one day.

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