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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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Complete the following sentence.
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Uhm financial crisis, poverty, homelessness, debt, etc...
4 0
2 years ago
An aging of a company's accounts receivable indicates that $4,500 are estimated to be uncollectible. If Allowance for Doubtful A
lyudmila [28]

Answer:

a. debit to bad Debt expense for $3,300

Explanation:

The Journal entry is shown below:-

Bad debt expenses Dr, $3,300

       To Allowance for doubtful accounts $3,300

(Being bad debts expenses is recorded)

Therefore to record the bad debt for the period we simply debited the bad debt expenses as it increase the expenses and on the other hand we credited the allowance for doubtful accounts as decrease the assets.

So, the right answer is a. debit to bad Debt expense for $3,300 option.

Working Note:-

Bad debt expenses = Estimated uncollectible - Credit balance

= $4,500 - $1,200

= $3,300

4 0
3 years ago
In the year, 2005 Janice Quinn sells a five-year-old car to Used Car, Inc. for $3,000. In the same year, Used Car, Inc. resells
Fittoniya [83]

Answer:

$500

Explanation:

The computation is shown below:

Data provided in the question

Sale value of five year old car to used car = $3,000

Now in the same year, the resales value to Ima Goner = $3,500

So, the contribution made in the GDP for the year 2005 is

= Resales value to Ima Goner - Sale value of five year old car to used car

= $3,500 - $3,000

= $500

5 0
3 years ago
which of these statements regarding unit investment trusts (uits) is correct? a) units in a uit are priced in the secondary mark
MA_775_DIABLO [31]

Units are actively managed, as portfolio managers typically attempt to match the return of a stated index

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PMs are in charge of developing an investment strategy, choosing the right investments, and properly allocating each investment to an investment fund or asset management vehicle. They collaborate with a team of analysts and researchers to carry out these tasks.

An investment manager's objective is to generate a return that is higher than the return anticipated given the level of risk. Investors can keep track of this return through performance reports given by the PM on a weekly, monthly, quarterly, or annual basis. A performance benchmark or a comparison of the manager's investment approach to an index may be established.

To know more about  retirement fund

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6 0
1 year ago
Now we will focus on Risk in a Portfolio Context.
ololo11 [35]

Answer:

See explanation below

Explanation:

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S&P 500 is empirically used to measure Beta

8 0
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