Identify Which Three of the Following Statements Are FALSE

question 40

Short Answer

Identify which three of the following statements are FALSE.
a.A finder generally acquires a good title against everyone except the owner,but this rule has been disqualified by the courts so that it applies only to things found in what the courts have chosen to call non-public places.
b.When goods are damaged in the hands of a business acting as a bailee,the burden of proving it was not negligent is placed upon the bailee because it is difficult for the bailor to ascertain exactly how the loss occurred.
c.At common law a warehousing firm obtains a lien upon goods.
d.An act of God is a natural catastrophe,and it will not include fire unless it has been started by lightning.
e.A hotel may refuse to accept the goods of a guest for safe deposit and retain the benefit of reduced liability under the applicable provincial legislation.

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Definitions:

Financial Statements

Financial reports that summarize the effects of events on a business.

Interest Note

A financial instrument that serves as a formal promise to pay interest in addition to the principal amount borrowed.

Small Companies

Businesses with a relatively small market share or workforce, often defined by specific criteria such as revenue, assets, or number of employees.

Receivables

Money owed to a company by its customers or clients for goods or services that have been delivered but not yet paid for.