Fact Pattern 22-1 Nelson, an Accountant, Enters into a Contract to Provide Services

question 45

Multiple Choice

Fact Pattern 22-1
Nelson, an accountant, enters into a contract to provide services to Operational Processes, Inc. (OPI) . Nelson does not finish the work within the contract's deadline. This causes OPI to fail to meet certain other deadlines owed to Prime Bank, which results in the firm's payment of penalties to the bank.
-Refer to Fact Pattern 22-1.Nelson is​

• A) ​liable for breach of contract.
• B) ​not liable, because Nelson is a professional.
• C) ​not liable, because Nelson's failure must have been OPI's fault.
• D) ​not liable, because the work took longer than foreseen.

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Definitions:

Survey Research

A method of gathering data from respondents through a structured questionnaire to collect information on opinions, behaviors, or characteristics.

Participant Observation

A qualitative research method where the researcher immerses themselves in a group to observe and participate in its activities.

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Strengths and weaknesses refer to the internal factors and characteristics that support or hinder a person's ability to achieve their goals and objectives.

Experimental Method

A scientific approach to research where variables are manipulated to observe their effects on other variables, often used to test hypotheses.