The Front Window of Polly's Flower Shop Was Recently Broken

question 36

Multiple Choice

The front window of Polly's Flower Shop was recently broken when someone threw a rock through it. Which of the following statements is TRUE?

• A) If the person who threw the rock is insane, Polly's Flowers will not be able to sue unless it receives permission from the Public Trustee.
• B) because a law suit can be brought only by a human, the plaintiff named in the statement of claim cannot be the corporation that owns Polly's Flower Shop
• C) If the person who threw the rock is thirteen years old, there will not be a law suit because children under the age of majority cannot be sued.
• D) The person who threw the rock may be sued even if that person worked for the government.
• E) If the person who threw the rock is a European who is visiting Canada for less than a year, the case will have to be heard in the International Court of Justice.

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Definitions:

Consolidated Balance Sheet

A financial statement showing the total assets, liabilities, and shareholders' equity of a parent company and its subsidiaries as if they were a single entity.

Acquisition Differential

The difference between the cost of acquiring a company and the fair value of its identifiable net assets.

Equity Method

An accounting technique used to record the investments in other companies, where the investment is significant but the investor does not have full control.

Patent

A legal right granted to an inventor for an exclusive period, typically 20 years, to exploit a new, useful, and non-obvious invention.