The Scholar's Diner Is Located at the Edge of a College

question 16

Multiple Choice

The Scholar's Diner is located at the edge of a college campus in Ontario.Not surprisingly, most of its customers are college students.And most of those students are law-abiding patrons.There is, however, a substantial number of students who frequently "dine-and-dash." They sneak out the restaurant's back door after they have eaten, but before they have paid for their meals.Lily is one of those students.Which of the following statements is TRUE?

• A)If Lily is caught sneaking out the back door, the restaurant will be entitled to sue her for breach of contract, but it will not be entitled to detain her.
• B)If Lily is convicted of a crime, she cannot also be held liable in private law.
• C)If Lily is caught sneaking out the back door, she may be arrested by a police officer but not by one of the restaurant's employees.
• D)If Lily is held liable in tort, she cannot later be charged with a crime in connection with the same events.
• E)If Lily is caught sneaking out the back door of the diner, she may be lawfully arrested by one of the restaurant's employees or by another diner.

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Definitions:

Investing Activity

A category in the cash flow statement that shows how much money has been spent on or gained from investment operations, excluding amounts related to day-to-day operations.

Indirect Method

A method for preparing the cash flow statement where net income is adjusted for non-cash transactions, deferred income, and changes in working capital to compute net cash from operating activities.

Statement Of Cash Flows

A financial report summarizing the amount of cash and cash equivalents entering and leaving a company.

Book Value

The net value of a company's assets as recorded on its balance sheet, minus its liabilities and intangible assets, such as goodwill.