Nelson Borrowed a Computer, Free of Charge, from Compu- Rent

question 12

Multiple Choice

Nelson borrowed a computer, free of charge, from Compu- Rent Inc. After Nelson became bankrupt, his trustee in bankruptcy took control of everything that she found on Nelson's premises, including the computer. Compu- Rent has demanded possession of the computer, but the trustee in bankruptcy has refused. Compu- Rent therefore claims that the trustee has committed a tort. Which of the following statements is TRUE?

• A) If the trustee in bankruptcy has committed the tort of conversion against the computer, it will likely be treated as if she had purchased the thing.
• B) If Compu- Rent asks for a right of recaption, the court will order the trustee in bankruptcy to return the computer to the plaintiff.
• C) The trustee in bankruptcy automatically committed the tort of conversion as soon as she touched the computer.
• D) The trustee in bankruptcy is not liable for conversion unless she claims that she personally owns the computer.
• E) If Compu- Rent sues for the tort of trespass to chattels, a judge will almost certainly order the trustee in bankruptcy to return the computer to the plaintiff.

Grasp the principle of derived demand in labor and resource markets.

Recognize the role of diminishing marginal productivity in determining labor demand.

Identify how resource pricing affects the allocation of resources and ultimately influences firm’s costs and profits.

Understand the impact of market structures (pure competition versus imperfect competition) on resource demand and labor hiring.

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Definitions:

Reality TV Shows

Television programs that feature non-actors in real-life or staged situations, intended for entertainment rather than informational content.

National Versions

Variations or adaptations of a concept, product, or media content tailored to fit the cultural, legal, or linguistic preferences of different countries.

McDonaldization

A term referring to the process by which principles of fast food restaurants, such as efficiency, predictability, and control, come to dominate more sectors of society and the economy.

George Ritzer

An American sociologist known for his work on consumerism, globalization, and the McDonaldization of society.