Homework Answers
(b) The owner did not have actual knowledge of the omitted fact.
Explanation:
Choice (a) is not suitable as the owner has received information from a public agency. This implies that the owner had the knowledge of the fact but intentionally decide not to disclose the condition. Therefore, owner will be held liable.
Choice (b) is suitable because owner genuinely doesn't have the knowledge of the omitted fact. Therefore, owner cannot be held liable in such a scenario.
Choice (c) is not suitable because owner's assessment regarding insignificance of the unreported omission is not sufficient to protect the owner to protect the owner from the liability for not disclosing the omitted fact.
Choice (d) is not suitable as owner has been negligent in reporting the omission because of his agent's advise. Owner will still be held guilty for omission of facts.
Add Answer to:
60 of 75 When would an owner not be held liable for an omission in the...
Book: BUSINESS LAW, Text and Cases Volume I, Clarkson, Miller, & Cross Write summary 20 sentences....
Book: BUSINESS LAW, Text and Cases Volume I, Clarkson, Miller, & Cross Write summary 20 sentences. Chapter 7 Negligence and Strict Liability Negligence involves acts that depart from a reasonable standard of care, creating an unreasonable risk of harm to others. Strict liability is liability for injury imposed for reasons other than fault. Negligence Negligence: Failing to exercise the standard of care that a reasonable person would exercise in similar circumstances. n In contrast to intentional...
multiple choice answers in one (1) document. Maker manufactures printing presses. News, a publisher of a...
multiple choice answers in one (1) document. Maker manufactures printing presses. News, a publisher of a local newspaper, was interested in purchasing a few presses. Rep, a representative of Maker, met with Bill, the president of News, to describe the advantages of Maker's presses. Rep also drew rough plans of the alterations that would be required in the News pressroom to accommodate the new presses, including additional floor space and new electrical installations, and left the plans with Bill. On...
Review the following court case: Jackson v. Metropolitan Edison Co. 419 U.S. 345(1974) 1. What are...
Review the following court case:
Jackson v. Metropolitan Edison Co. 419 U.S.
345(1974)
1. What are the facts of this case? What is the issue?
2. In what court was it decided, and how did it get to that
court?
3. What did the court below decide, and why? What did this court
decide, and why?
4. What does it mean to be "affected with the public
interest"?
5. What is the significance of the Fourteenth Amendment to the
U.S....
Chapter 16 The Tax Is Illegal—Getting the Story Out 1. Is it the TRUTH? 2. Is...
Chapter 16 The Tax Is Illegal—Getting the Story Out 1. Is it the TRUTH? 2. Is it FAIR to all concerned? 3. Will it build GOODWILL and better FRIENDSHIPS? 4. Will it be BENEFICIAL to all concerned? —The “Four Way Test,” written by Herbert J. Taylor, adopted as creed of Rotary International, 1943 Lunapark was an urbanized township. It used to have farms, but they were all gobbled up with housing developments. The only businesses were nonagricultural manufacturers, offices, and...
Please read the article and answer about questions. You and the Law Business and law are...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...
Actions that damage a company and its employees should be stamped out, everyone would agree. But ...
Actions that damage a company and its employees should be stamped out, everyone would agree. But should the people responsible be stamped out, too? HBR CASE STUDY The Reign of Zero Tolerance by Ben Gerson "Mr. Pemberton?" manager. The guards had radioed her that the "Yes, that's me," Simon replied distractedly, his back turned. target wasn't putting up much resistance. "Your personal belongings will be messen The two burly gentlemen who had suddenly gered to your home later today," Sallie...
1. When it comes to financial matters, the views of Aristotle can be stated as:...
1. When it comes to financial matters, the views of Aristotle can be stated as: a. usury is nature’s way of helping each other. b. the fact that money is barren makes it the ideal medium of exchange. c. charging interest is immoral because money is not productive. d. when you lend money, it grows more money. e. interest is too high if it can’t be paid back. 2. Since 2008, when the monetary base was about $800 billion,...
Case Study Analysis: Fred Stern & Company, Inc. (Knapp): In the business world of the Roaring...
Case Study Analysis: Fred Stern & Company, Inc. (Knapp): In the business world of the Roaring Twenties, the schemes and scams of flimflam artists and confidence men were legendary. The absence of a strong regulatory system at the federal level to police the securities markets—the Securities and Exchange Commission was not established until 1934—aided, if not encouraged, financial frauds of all types. In all likelihood, the majority of individuals involved in business during the 1920s were scrupulously honest. Nevertheless, the...
Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming...
Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant “E,” slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm laid off 4,000...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...
Review the following court case:
Jackson v. Metropolitan Edison Co. 419 U.S.
345(1974)
1. What are the facts of this case? What is the issue?
2. In what court was it decided, and how did it get to that
court?
3. What did the court below decide, and why? What did this court
decide, and why?
4. What does it mean to be "affected with the public
interest"?
5. What is the significance of the Fourteenth Amendment to the
U.S....
Actions that damage a company and its employees should be stamped out, everyone would agree. But should the people responsible be stamped out, too? HBR CASE STUDY The Reign of Zero Tolerance by Ben Gerson "Mr. Pemberton?" manager. The guards had radioed her that the "Yes, that's me," Simon replied distractedly, his back turned. target wasn't putting up much resistance. "Your personal belongings will be messen The two burly gentlemen who had suddenly gered to your home later today," Sallie...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...
Most questions answered within 3 hours.
-
1- What is the freezing point of pure water (in degrees
Celsius)?
2-
he molar mass...
asked 21 minutes ago -
Determine the direction of the force that will act on the charge
in each of the...
asked 27 minutes ago -
You purchase your daily coffee at the Chemist’s Coffeehouse and
have a choice of two cups:...
asked 3 hours ago -
Which of the following pairs of chemicals could be used to make
a buffer solution?
A.)...
asked 2 hours ago -
Problem 16-51 Sales
Activity Variance (LO 16-3)Odessa, Inc., reports the following
information concerning operations for the...
asked 3 hours ago -
Pictured on the right are thee point charges Q1 = 18.4 μC, Q2 =
-30.6 μC,...
asked 3 hours ago -
A graduate student is conducting research in psychology and
needs to obtain the IQ scores of...
asked 4 hours ago -
R2.84: There are 2 defective products in a production lot of 10.
An inspector randomly selected...
asked 5 hours ago -
Consider the following equilibrium system: COCl2(g) CO(g) +
Cl2(g) A 10.00 L evacuated flask is filled...
asked 6 hours ago -
1) What are the two distinct steps that one needs to perform
when developing a data...
asked 6 hours ago -
2) Write a C++ program that uses a class called “Degree” to
obtain the trigonometric
values...
asked 7 hours ago -
1. In eukaryotic cells the genomes of
&
asked 7 hours ago