Thomas Is the Treasurer of Oklaw, Inc

question 12

Essay

Thomas is the treasurer of Oklaw, Inc.He has authority to sign on behalf of the company.One day, he signs a note as follows: "Thomas Maurtin, as treasurer." The company's name does not appear on the note.Is the company liable on the note? Is Thomas liable on the note? Explain.

Explain various rationalizations for unethical behavior and strategies to counteract them.

Describe the influence of group dynamics on individual ethical standards.

Understand the accounting treatment of common stock transactions and their impact on financial statements.

Analyze the effects of transactions involving cash, including payments and receipts, on the company's financial position.

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Definitions:

Social network

A structure made up of a set of actors (such as individuals or organizations) and the dyadic ties between these actors.

Anonymous

Not identified by name or remaining unknown in identity.

Left-handed people

Individuals who predominantly use their left hand for activities such as writing and handling tools, comprising a minority of the population.

Category

People who share one or more attributes but who lack a sense of common identity or belonging.