Cheap Principal

question 39

Multiple Choice

Cheap Principal.Jason,who is very knowledgeable regarding computers,agrees to purchase computers for Nick's business.Jason is retained for that purpose only,he is paid a set rate for the job,and Nick exercised no control over the manner in which Jason did his work.Jason purchased computers on credit from ABC Computers without any mention of Nick.The computers worked well and were not defective in any way.Unfortunately,Nick did not pay ABC Computers on a timely basis.Jason,therefore,paid ABC Computers out of his own pocket because he wanted to be able to do business with ABC in the future and because his name was on the invoice.Jason asked Nick for reimbursement,but Nick refused.Nick claimed that if Jason had only waited,ABC Computers might have agreed to take less.Did Jason have any legal liability to ABC Computers?

• A)Yes,because he purchased the computers.
• B)Yes,but only because office equipment is involved.
• C)No,because his status was as an agent regardless of whether ABC Computers was aware of that fact.
• D)No,because he was an independent contractor.
• E)No,because he was an employee.

Recognize the role of school activities and community programs in promoting family engagement.

Understand the legal and ethical considerations in respecting families' rights and privacy.

Identify the trends and changes in American family dynamics and their implications for educational practice.

Understand the dynamics and statistics of family structures, including divorce rates and remarriage timelines.

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Definitions:

Liabilities

Liabilities are financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Assets

Economic resources controlled or owned by a business or individual from which future economic benefits are expected to flow.

Statement of Cash Flows

A fiscal report that demonstrates the consequences of shifts in balance sheet accounts and income on cash and cash equivalents, organizing the analysis into operations related to investing, financing, and operating activities.

Investing Transactions

Financial activities related to the purchase and sale of long-term assets or investments.