Girard Accepts a Job with Deep Vault Bank in Reliance

question 5

Multiple Choice

Girard accepts a job with Deep Vault Bank in reliance on assurances that Deep Vault will not soon be sold.In fact,negotiations to sell the bank are under way at the time that Girard is hired.Girard is most likely a victim of

• A)fraud.
• B)mistake.
• C)nothing.
• D)puffery.

---

Definitions:

Accounts Receivable

Money owed to a company by its customers or clients for goods or services provided on credit.

Revenues

The total income generated from normal business operations, including sales of goods or services before any expenses are deducted.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value over time.

Accounts Receivable

Accounts receivable refers to the money owed to a business by its customers for goods or services delivered on credit but not yet paid for.