Armand,who Previously Had No Reason to Believe He Was in Poor

question 7

Multiple Choice

Armand,who previously had no reason to believe he was in poor health,crashed his truck into a parked car after unexpectedly fainting at the wheel.Under these circumstances,why might the owner of the damaged vehicle be prevented from recovering compensation from Armand?

• A) The type of damages was not reasonably foreseeable.
• B) Armand has insurance and therefore is protected from being sued.
• C) No tort has been committed by Armand.
• D) Armand owes no duty of care in these circumstances.

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Definitions:

Misc. Expense

Miscellaneous Expenses, generally small or irregular costs that don't fit into other categories of a company's financial statements.

Petty Cash Fund

A small amount of cash kept on hand for minor, incidental expenses.

Replenishment

The process of replenishing inventory or stock to ensure that the optimal inventory level is maintained.

Auxiliary Petty Cash Record

A detailed ledger used to track the small cash expenditures handled through a petty cash fund.