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sineoko [7]
3 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]3 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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What are the foundation of the case for free trade?
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4 0
3 years ago
Find a numerical equation relating planned aggregate expenditure to output and to the real interest rate. [i.e. write down the P
eduard

Answer:

The answer is "0.12".

Explanation:

In the given question, some of the information missing. so, the missing information and its solution can be defined as follows:  

Missing information:

C=14,400+0.75(Y-T)-50,000r\\I^P=7,000-24,000r\\G=8,500\\NX=2,000\\T=9,000\\Y^d=65,080

Formula:

\bold{PAE = C + I + G + NX}

solution:

\to PAE = 14400 + 0.75 \times (Y - 9000) -50000r + 7000 - 24000r+ 10500\\\\

             = 14400 + 0.75Y - 6750  -50000r + 7000 - 24000r+ 10500\\\\= 25150 -74000r + 0.75Y \\

Calculating the value of r:

let Y = Y^d = PAE

  \to  65080 = 25150 - 74000r + 0.75 \times 65080\\\\ \to  65080 = 25150 - 74000r + 48,810 \\\\\to 74000r= 25150 + 48,810 - 65,080\\\\\to 74000r= 8,880\\\\\to r =\frac{8,880}{74000} \\\\\to r= 0.12

4 0
3 years ago
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