1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Debora [2.8K]
3 years ago
12

Rick prepared financial statements for MegaCorp knowing that it was going to use his statements to apply for a loan with Big Ban

k. When Big Bank turned MegaCorp down, it applied to Fourth Bank for a loan. MegaCorp presented the statements prepared by Rick to Fourth Bank which gave the company a loan. It was discovered that Rick was negligent in preparing the statements, and Fourth Bank sued Rick. Under which of the following tests is Rick liable?
a. Ultramares doctrine
b. Foreseeable doctrine
c. Restatement doctrine
d. Both the foreseeable doctrine and the Restatement doctrine
Business
1 answer:
Ymorist [56]3 years ago
3 0

Answer:

The correct answer is the option D: Both the foreseeable doctrine and the restatement doctrine.

Explanation:

On the one hand, the <em>foreseeable doctrine</em> dictates that there is a limit in the liability of party for those acts that he has done and that carry a risk of foreseeable harm. Therefore that this point of view establishes that a reasonable person would be able to understand and so to know when a certain action would bring certain damages to another party.

On the oher hand, the <em>restatement doctrine</em> establishes that there are a set of treatises on legal subjects that primarily are looking for to inform judges and lawyers about general principles of common law. And therefore that those treatises will help both the judge and the lawyers at the time of the trial when the person has to go to court.

You might be interested in
Do you think that some has rights to intellectual property in today’s world?
Mekhanik [1.2K]
If the person created it or is in the family then yes
6 0
3 years ago
In three to four sentences, explain why prices decrease when the market moves from a monopoly to perfect competition?
a_sh-v [17]
When a company has a monopoly on a product, there is no other competition so that producer can price the product however high they want.  When there is competition, the product must be priced appropriately or the consumer will go to another option. Additionally, monopolies can result is a lesser quality product. 
7 0
3 years ago
Read 2 more answers
Which of the following is not an example of a SMART long-term education or
valkas [14]

Answer:

The last one

Explanation:

A SMART goal always start with 'I will', this one starts with 'I want'

5 0
3 years ago
When they need stronger horizontal alignment or cooperation to meet goals, functionally designed organizations should adopt a __
jekas [21]
The answer to the question is "MATRIX Structure".

The Matrix structure is a structure when the organization needs a stronger horizontal alignment or cooperation to meet goals, functionally designed organizations should adopt this structure. This type of structure is a combination of functional and divisional chains.
3 0
3 years ago
Assume a domestic company in the US, let's say Colgate-Palmolive, is deciding to export to a country where to date Colgate produ
MrMuchimi

Answer:

agent method of entry

Explanation:

Agent method of entry will demonstrate lower fixed costs associated.

8 0
3 years ago
Read 2 more answers
Other questions:
  • Ruth Hu recently inherited $200,000. She has invested the inherited money in real estate and government securities. Hu is using
    8·1 answer
  • Suppose Dee's just acquired the assets of Flo's Flowers. The book value of Flo's Flowers assets was $68,000 but Dee's paid a tot
    7·1 answer
  • If this market for water were perfectly competitive instead of monopolistic, what price would be charged?
    10·1 answer
  • In evaluating how well a company's strategy is working, the best place to start is
    13·1 answer
  • Assume that Delaware Ice Cream Company uses the FIFO method to calculate equivalent units. It has unit costs of $10 for material
    14·1 answer
  • Website : https://www.yelp.com/biz/park-tudor-school-indianapolis
    13·1 answer
  • Which one of the following is an example of cash flows from operating activities? Multiple Choice Proceeds from collecting the p
    14·1 answer
  • Gabi is visiting a new city for work and wants to get breakfast before she walks to the office. Since she is unfamiliar with the
    14·1 answer
  • Which statement does not describe a difference between government and household budgets? In the short term, economists would exp
    14·1 answer
  • 1. Using a plantwide overhead rate based on cases, compute the overhead cost that is assigned to each case of Extra Fine Salsa a
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!