Vivian and Rob Enter into a Contract Under Which Vivian

question 29

Multiple Choice

Vivian and Rob enter into a contract under which Vivian will clean Rob's house every week for a year.Under the E-SIGN Act,in order for e-signatures to be enforceable for this contract

• A)Vivian and Rob must both agree to use e-signatures.
• B)only Vivian needs to agree to use e-signatures.
• C)only Rob needs to agree to use e-signatures.
• D)Vivian and Rob must both register their e-signatures with the federal government.

Recognize the practical applications and hazards associated with static electricity.

Understand the formation and discharge process of lightning.

Explain the functioning of devices based on static electricity, such as electroscopes and precipitators.

Distinguish between the flow of current in typical and lightning-related electrical circuits.

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Definitions:

Expense Accounts

Accounts used to record transactions relating to expenses incurred by a business, such as costs for materials, utilities, and salaries.

Common Stock

Equity securities representing ownership in a corporation, giving holders voting rights and a share in the company’s profits through dividends.

Trial Balance

An accounting report that lists the balances of all ledgers accounts to check the mathematical accuracy of the bookkeeping system.

Debit Balance

Refers to the excess of debits over credits in an account, indicating either an increase in assets or expenses or a decrease in liabilities, equity, or income.