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o-na [289]
3 years ago
13

Robert steals a truckload of plasma televisions that belong to Karson Electronics Store. He then resells it to Stu-Mart, which i

s unaware of the stolen nature of the goods. Karson Electronics Store then traces the plasma televisions to Stu-Mart. Robert is also arrested for the theft. Which of the following is true for Karson's legal course for reclaiming the televisions or recovering damages?A) Stu-Mart is a good-faith purchaser here and as such does not have to hand over the televisions to Karson.B) Stu-mart must hand over the televisions to Karson as its title to the goods is void.C) Karson's only recourse is against Robert to claim damages.D) Karson's cannot reclaim the goods, but can sue Stu-Mart for negligence and damages.
Business
1 answer:
Snezhnost [94]3 years ago
3 0

Answer: The answer is B

Explanation:

Stolen goods are those goods that the seller has no right under the law to sell to the buyer because the seller does not have the legal title over the goods. The goods was sold to the buyer who is unaware of the stolen nature of goods, but stu- Mart.could have asked for more information about the goods to know if truly Robert is the real owner of the goods before buying from Robert the truck load of plasma television in the first instance .But since stu- Mart has not done so, stu - Mart has not committed any offence that is criminal, the person who is criminally liable for the stolen of the truck load of the television is Robert whose hands of the law had caught and will be severely punished for the offence he had committed.

However, The law says that ,the buyer has to return the goods back to the original owner of the goods because his title to the goods is void .

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. Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 4 bars and the price is $4. In year
NikAS [45]

Answer:

Nominal GDP in year 1 = $16

Nominal GDP in year 2 = $25

Nominal GDP in year 3  = $36

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

Nominal GDP is GDP calculated using current year prices

Nominal GDP in year 1 = 4 x $4 = $16

Nominal GDP in year 2 = 5 x $5 = $25

Nominal GDP in year 3 = 6 x $6 = $36

5 0
3 years ago
A(n) _____ is central to individuals and organizations of all sizes and ensures that information can be shared across all busine
Ann [662]

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3 0
3 years ago
Calistoga Produce estimates bad debt expense at 0.60% of credit sales. The company reported accounts receivable and allowance fo
liraira [26]

Answer: Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2021 is $246.

Explanation: Calistoga Produce applies percentage of credit sales method to estimate its bad debt expense. So 0.60% of $331,000 (credit sales) = $1,986 and the balance in allowance for doubtful accounts is $1,520. The following journals would be recorded to adjust for the estimate:

Debit Bad debt expense                                      $466

Credit Allowance for doubtful accounts           $466

The $466 is the difference between $1,986 and $1,520

Now that the company writes off $1,740 accounts receivable, the following journal entries apply:

Debit Allowance for doubtful account              $1,740

Credit Accounts receivable                                $1,740

In summary, the allowance account movement is as follows:

Opening balance                                                 $1,520

Additional bad debt expense                                 466

Write-off during the year                                     (1,740)

Balance, end of the year                                       $246

6 0
3 years ago
Why has caricom produced limited improvements in interregional trade??
Kobotan [32]

CARICOM or the <span>Caribbean Community and Common Market solely reason for existence is to promote the economic integration to guarantee the benefits and shared equitably. The mainly cause for CARICOM in producing limited improvements is because majority of the English speaking  country illustrates the division </span><span>deep linguistic in Caribbean </span>

3 0
3 years ago
Daniels Transport has operating income of $68,200, interest expense of $210, dividends paid of $320, depreciation of $12,400, ot
Kisachek [45]

Answer:

Option (a) is correct.

Explanation:

Given that,

Operating income = $68,200

Interest expense = $210

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Retained earnings = $29,700

Income before taxes:

= Operating income - Interest expense + Other income

= $68,200 - $210 + $2,100

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Net income:

= Income before taxes - Taxes at 21%

= $70,090 - ($70,090 × 21%)

= $70,090 - $14,719

= $55,371

Shares of common stock outstanding:

= Common stock ÷ Par value per share

= $48,500 ÷ $1

= 48,500 shares

Earnings per share:

= (Net income - Preferred dividend) ÷ Shares of common stock outstanding = ($55,371 - 0) ÷ 48,500

= $1.14 per share

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3 0
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