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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.

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Her current campaign has a total investment of $25,500, generates 1,500 conversions, and has a CPA of $17. Which plan, built in
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Answer:

A

Explanation:

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3 years ago
When marketers use a variety of communication disciplines-advertising, personal selling, sales promotion, public relations, dire
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<u>Answer:</u>

<em>It is referred to as </em><u><em>Integrated marketing communications  </em></u>

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<u>Explanation:</u>

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3 years ago
At the beginning of 2020, Concord Company acquired a mine for $3,251,600. Of this amount, $124,000 was ascribed to the land valu
Sav [38]

Answer:

A. $737,520

B. $530,320

Explanation:

a. Computation for the total amount of depletion for 2020.

First step is to calculate the Depletion Rate

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Depletion Rate= $3,388,000/ 12,100,000

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B. Computation for the amount that is charged as an expense for 2014 for the cost of the minerals sold during 2020.

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Expense amount charged=$530,320

Therefore the amount that is charged as an expense for 2014 for the cost of the minerals sold during 2020 is $530,320

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Please help or going to jump off a really high bridge
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