Case 7-1 Jack Was Arrested for the Serious Crime of Robbery by Robbery

question 112

Multiple Choice

Case 7-1
Jack was arrested for the serious crime of robbery by the local police department. When police searched Jack incident to arrest, they found a small amount of heroin and a needle used for injecting heroin. Jack is also homeless. He has no family and no means to support himself, except committing crime. He commits crime in order to support his drug habit.
-After the police arrested Jack, they brought him to the county jail to be booked. Who is responsible for deciding whether he will be charged with a crime?

• A) attorney general
• B) defense attorney
• C) judge
• D) prosecutor

Differentiate between U.C.C. and CISG regarding the seller’s recourse.

Analyze the financial impact of a buyer's breach on the seller.

Identify damages not recoverable by the seller due to breach.

Distinguish between the various legal remedies available under the Code and their common law counterparts.

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Definitions:

Net Realizable Value

The estimated selling price of goods minus the cost of completion and the costs necessary to make the sale.

Lower Of Cost

A accounting principle that mandates reporting the cost of inventory and other assets at the lower of their original cost or current market value.

Generally Accepted Accounting Principles

The standard framework of guidelines for financial accounting used in any given jurisdiction; generally known as GAAP.

Lower Of Cost

An accounting principle requiring inventory to be recorded at the lower of its historical cost or market value.