John Returned Home from Work and Checked His Mailbox to See

question 48

Multiple Choice

John returned home from work and checked his mailbox to see if anything had been delivered that day.To his surprise,he received a package of magazines from a magazine distributor.John proceeded to open the package and over the course of the next several days,read through the magazines.He then gave them to his dentist for use by patients at the dental office.Approximately thirty days later John received a demand letter from the magazine distributor requesting payment of the magazines which John had not requested.In a subsequent Small Claims action brought by the magazine distributor for payment,the following would likely be the outcome

• A)the magazine distributor would succeed because John used the magazines.
• B)as a recipient of unsolicited goods John can use them without becoming liable for their price.
• C)John only became liable when he removed the magazines from his residence and took them to the dentist's office.
• D)John would not be liable because he did not sign a contract.
• E)John would be liable because he did not immediately package up the magazines and return them to the magazine distributor before reading them.

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Definitions:

Net Income

The amount of money a company has earned during a specific period, after all deductions are made.

Ordinary Repairs

Expenses for routine maintenance and repairs that maintain the efficient operation of an asset but do not materially extend its life or increase its value.

Hydraulic Lift

A system that uses a fluid-driven mechanism to lift or move objects, often utilized in various machinery and equipment.

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The estimated monetary value of an asset determined by a qualified appraiser based on its condition and market trends.