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Anna71 [15]
3 years ago
8

john Hayes and Lynn Magosian, auditors for a public accounting firm, went to lunch at the Bay View Restaurant in San Francisco.

John left his raincoat with a coatroom attendant, but Lynn took her new raincoat with her to the dining room, where she hung it on a coat hook near her booth. When leaving the restaurant, Lynn discovered that someone had taken her raincoat. When John sought to claim his raincoat at the coatroom, it could not be found. The attendant advised that it might have been taken while he was on his break. John and Lynn sued the restaurant, claiming that the restaurant was a bailee of the raincoats and had a duty to return them. Are both John and Lynn correct
Business
1 answer:
zloy xaker [14]3 years ago
3 0

Answer:

John is correct but Lynn isn't

Explanation:

John is correct because he left his coat with the coatroom attendant under the premise that it would be properly looked after and returned to him when he was done having lunch at the restaurant. However, Lynn just left her coat lying around under no ones care or supervision, there wasn't a predetermined agreement that anyone would be responsible for watching it on her behalf, therefore I don't think she is has the right to sue.

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lee reed, marisa a. pagnattaro, et al., the legal and regulatory environment of business (18th or 19th edition mcgraw-hill irwin
timurjin [86]

19th Edition of The Legal and Regulatory Environment of Business

By Julie Manning Magid, Daniel Cahoy, Peter Shedd, and Marisa Pagnattaro ISBN10: 1260734285 ISBN13: 9781260734287

An extremely dependable, simple-to-use online homework and learning management solution that incorporates cutting-edge adaptive tools and learning science to enhance student performance.

The Legal and Regulatory Environment of Business, 19th Edition, by Marisa Pagnattaro, Daniel Cahoy, Julie Manning Magid, and Peter Shedd is available for free download as an eBook, PDF, EPUB, and other digital formats. Detailed and scientifically thorough writing that is acceptable for use as a university reference. It's a requirement that both lecturers and students read this book. Book publishers have already worked for businesses. obtainable as a hardcover, paperback, and e-book. You have the option of paying for or using free digital formats.The English-language book, published on February 1st, 2021, was written by four scientists. This book has been translated into a number of different languages for distinct nations.

The totality of all external and internal influences on a business can be referred to as the business environment. It's important to remember that a firm can be impacted by both internal and external influences acting in concert. An external component that affects the internal environment of corporate activities, for instance, is a health and safety legislation. Additionally, you have no influence over some outside variables. These elements are sometimes referred to as external constraints. Let's examine some important environmental aspects.

To learn More about business environment from the given link.

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6 0
2 years ago
What are the three legal forms of business organization? What are the advantages and disadvantages of each one
My name is Ann [436]

Answer:

Explanation:Three legal form of business organization

(1)sole proprietorship:-this is a one man business the PROPRIETOR. He runs the total affairs of the business

Advantages:-The owner has the final says

He enjoys all profits

Disadvantage:-the owner bears the loss alone.

His death can end the business..

(2)PARTNERSHIP:-It is a business owned by two or more people called partners..

advantages:-fund raising is easy..

They bring experience together..

Work load is shared.

Disadvantages:-profits is sheared..

Disagreement can set in and end the business

Death of some partners can end the business..

LIMITED LIABILITY COMPANY:-A limited liability company is a corporate structure whereby the owner are not personally liable for the company's debt or liabilities. Limited liability companies are hybrid entities that combines Tue characteristics of a corporation with those of a partnership or sole proprietorship..

Advantage:-transfer of ownership is easy..

Disadvantage:-exploitation of share holders..

7 0
3 years ago
John, a local florist in harrisburg, wanted to invest in outdoor advertising before valentine's day. a local advertiser showed j
Zina [86]
The local advertiser most likely offered John a Stock poster, a high-quality advertising at a lower cost. It is ready-made, 30-sheet posters are available in any quantity and often feature the work of<span> First-class artists and lithographers. Local florists, dairies, banks, or bakeries simply place their name <span>in the appropriate spot.</span></span>

 

 

 





3 0
3 years ago
"On January 1, MM Co. borrows $360,000 cash from a bank and in return signs an 8% installment note for five annual payments of $
scoray [572]

Answer:

1.Jan 01 Dr Cash 360,000

Cr Notes payable 340,000

2.Interest expense 28,800

Principal Reduction 61,364

Explanation:

MM Co.

1 . Journal entry

Since MM Co. borrows $360,000 cash on January 1 from a bank this means we have to

Debit Cash with the amounts of money he borrowed which is $360,000 and Credit Notes Payable with the same amount.

Jan 01 Dr Cash 360,000

Cr Notes payable 340,000

2. Calculation of the amount goes toward interest expense and Principal reduction

Interest expense 28,800

(360,000*8%)

Principal Reduction 61,364

(90,164-28,800)

5 0
3 years ago
Give three reasons why building apps might not be the sole source of income for an individual.
True [87]

Here are the top six reasons why apps fail and how you can avoid them. App development projects fail and identify areas for improvement so you can. Not only is audience research necessary for developing an app that. For example, iOS users typically have a higher income and more education than Android users.

Hope this helps :)

3 0
3 years ago
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