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charle [14.2K]
4 years ago
9

Levi, a well-known lumber dealer with a good reputation, buys a load of lumberand pays for it with a check that is later dishono

red. Sam, who is unaware of thebad check, buys the lumber from Levi. Sam is a(n) a.good faith purchaser .b.bad faith purchaser. c.insolvent purchaser. d.bailee.
Business
1 answer:
Vsevolod [243]4 years ago
6 0

Answer:

The correct answer is A

Explanation:

Good faith purchaser is the purchaser who gives the value for an asset in a good faith and without the knowledge of the adverse claims.

Under this case, Levi, is a dealer who is involved in buying the lumber lands and pays the amount with check, which later on got dishonored. So, Sam is not aware of all this, bought the lumber from the Levi. Therefore, the Sam is an good faith purchaser as he trust the Levi and was not aware of all this.

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For most high-income countries of the world, GDP _________________ over time.
Gwar [14]

Answer:

For most high-income countries of the world, GDP <u>HAS INCREASED GRADUALLY</u> over time.

Explanation:

Both GDP and GDP per capita has increased for almost all high income countries. Actually the only country in the world that was once rich and had a very high GDP and GDP per capita that turned into a developing country (AKA poor country) is Argentina. It is a unique case in all the world, since Argentina had the highest GDP per capita for 2 years (1895 and 1896) and continued to have a relatively high GDP per capita more than 60 years. Then political turmoil and corruption resulting in it falling from number one spot to number 73.

8 0
3 years ago
Steve Colburn's portable sawmill used 100% for business, was completely destroyed by fire. The sawmill had an adjusted basis of
pashok25 [27]

Answer: $35,000

Explanation:

A casualty loss is simply a loss that an individual or business incurs when a property is damaged, or destroyed due to an unexpected or sudden event like fire, volcanic eruption, flood etc.

Here, Steve's casualty loss will be gotten when we compare both his adjusted basis and the fair market value and then we choose the lesser one. Since $35000 is lesser than $50000, therefore the answer will be $35000.

8 0
3 years ago
Which type of unemployment is characterized by a worker looking for a job when there is no reason that he or she should not find
anyanavicka [17]

Answer:

Option C        

Explanation:                  

In simple words, Frictional joblessness relates to one form of joblessness. It is often referred to as quest displacement, and may be dependent on specific instances.

When an employee applies for a position or moves from one workplace to another and it is time wasted among jobs. In the market, frictional displacement is still present, the product of intermittent changes made by employees and companies.

6 0
4 years ago
What are free goods?
nadezda [96]

they are a food or type of necessity given at no cost or profit

7 0
3 years ago
Imagine the use (or misuse) of data collected from consumers by a marketing research firm. One of the issues that might arise is
earnstyle [38]

Answer: Step 1(Consequentialist framework)

Explanation: Ethics is a system of accepted rules or sets of moral acts that guides how people in an organization or a community exist or interact,Ethics has also been called Moral phylosophy. Ethics has been classified into three different frameworks which includes Consequentialist Framework( a framework where the output or result can be traced to the input,like the case with the question)

The Duty Framework( where the person involved has to think about the duty involved and its Ethical obligation in a given time) and the Virtue Framework(this Framework believe we acquire virtue the different moral acts we do or practice).

6 0
3 years ago
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