Examlex

Solved

Aziz Abandoned a Bicycle by the Side of the Road

question 62

Multiple Choice

Aziz abandoned a bicycle by the side of the road with the intention of never seeing it again.Brian saw the bike a short time later and took possession of it with the intention of keeping it.When he was not riding it,Brian regularly left the bike on the sidewalk in front of his apartment building.One night while he slept,Celeste took the bike,with the intention of keeping it for herself.A week later,however,Dharma grabbed the bike from out of Celeste's hands.When she complained,Dharma said that since she had stolen the bike,she had no rights in it.Which of the following statements is TRUE?


Definitions:

Employer Cost

The total expense incurred by employers to compensate employees, including salaries, benefits, and taxes.

Interest Expense

The cost incurred by an entity for borrowing funds.

Contingent Liability

A potential obligation that may arise depending on the outcome of a future event, which is not yet certain to occur.

Advance Payments

Payments made by a buyer earlier than the agreed upon payment schedule, often to secure an order or as a deposit.

Related Questions