Third-Party Woes

question 90

Multiple Choice

Third-Party Woes.Trudy owed Sam $40 for a book she purchased from him.Trudy mowed Betty's yard for $40 and agreed with Betty that Betty would pay Sam for the book.Sam is not initially aware of the agreement.Betty pays no one.Trudy also mowed Bob's yard for $40 in return for Bob's agreement to give the payment to Sally representing Trudy's birthday present to Sally.Bob later refuses to do so saying that promises to give gifts are not enforceable.He then moves out of town.Trudy tells both Sam and Sally that she is broke,that Sam needs to get his $40 for the book from Betty,and that Sally is owed $40 from Bob for her birthday present.Which of the following would be the likely result if Sally sues Trudy for the $40 promised to her for her birthday?

• A)Sally will win because Trudy is responsible for Bob's failure to pay.
• B)Sally will win,but only if she can prove that Bob is insolvent and unable to pay.
• C)Sally will win,but only if she can prove that she cannot find Bob in order to serve process on him.
• D)Sally will win,but only if she can prove both that Bob is insolvent and unable to pay and that she cannot find Bob in order to serve process on him.
• E)Sally will lose because Trudy had no obligation to go through with the gift.

Understand the role of lifestyle changes and self-care in managing chronic illness.

Recognize the multifaceted nature of wellness and the impacts of stress and hardiness on health.

Acknowledge the importance of culturally competent care.

Understand patient noncompliance and strategies to enhance patient engagement in care.

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Definitions:

Operating Cycle

The operating cycle is the time period it takes for a company to purchase inventory, sell it, and convert the sale into cash.

Cash Cycles

The amount of time it takes for a business to convert its investments in inventory and other resources into cash flows from sales.

Accounts Payable Turnover

A financial ratio that measures the rate at which a company pays off its suppliers by comparing total purchases to average accounts payable.

Inventory Sold

The total cost of goods or merchandise a business has sold to customers during a specific period, key for calculating cost of goods sold.