Business Its Legal Ethical & Global Environment
10th Edition
ISBN: 9781305224414
Author: JENNINGS
Publisher: Cengage
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which of the following is true?
a.When what is to be delivered is a generic thing, the creditor may ask a person other than the debtor to perform the obligation.
b.Dolo incidente relates to the fraud committed at the time of the perfection of a contract.
c.When negligence is imputed as a cause for the breach in an obligation, the same is presumed.
Does the coverage of the Statute of Frauds make sense as it currently stands? Would it be better to expand the law and require that all
contracts be in writing? Or should the law be done away with altogether?
When an employee is in a position to detect and hide fraudulent activity, incompatible obligations exist.
False or True?
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- If a person knowingly makes a FALSE statement concerning any fact or thing material to a claim that person is in violation of a. The New Jersey Fraudulent Claims Act b. The New Jersey Bureau of Fraud Deference Act c. The New Jersey Fraud Prevention Act d. The New Jersey Automobile insurance Fraud Actarrow_forwardA contract that only one of the parties can enforce in a court is not valid. True Falsearrow_forwardWhich of the following is NOT a possible legal risk that can arise because of a fraud investigation conducted in an improper manner? A. Forcible entry and detainer. B. Invasion of privacy. C. Defamation. D. Malicious prosecution.arrow_forward
- Explain when exculpatory agreements, agreements involving the commitment of a tort, and agreements involving public officials will be held to be illegal.arrow_forwardWhat types of actions may an auditor be liable to a client under common law? Why would the clients prefer to sue the auditor for tort action rather than a breach of contract?arrow_forwardIf the agency relationship is undisclosed, the agent is liable to the third party if they fail to perform. T/Farrow_forward
- There is no federal statute of frauds. True Falsearrow_forwardWhich type of agent is not liable for a breach of contract by his principal: a. undisclosed agent b. partially disclosed agent c. fully disclosed agent d. all of the abovearrow_forwardIndividuals who believe they relied on misstated financial statements to make a decision andhave suffered losses as a result will issue an action known as aa. Breach of contract.b. Tort.c. Securities litigation.d. Constructive fraud.arrow_forward
- Culpa aquiliana as distinguished from culpa contractual: Proof of due diligence in the selection and supervision of employees is not considered a defense. Proof of the contract and its breach is sufficient to warrant recovery. The negligence of the defendant is only an incident in the performance of the obligation. The source of liability is the negligent act of the person causing damage to another.arrow_forwardIf a person signs a negotiable instrument because he is fraudulently deceived regarding its nature or essential terms gives the holder a universal defense.. O True Falsearrow_forwardIndicate which of the following claims is true and which is untrue. Distinguishing responsibility for a transaction between two or more persons or departments will not prevent someone from producing a bogus invoice and paying themself.arrow_forward
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