Dirk Steals Effie's Necklace and Sells It to Fiona

question 4

Multiple Choice

Dirk steals Effie's necklace and sells it to Fiona.Effie can recover the necklace from Fiona

• A)only if Fiona did not know that the necklace was stolen.
• B)only if Fiona gave legally sufficient consideration for the necklace.
• C)only if Fiona knew that the necklace was stolen.
• D)under any circumstances.

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Definitions:

Long-Term Assets

Assets expected to provide economic benefits over a period longer than one year, such as buildings, machinery, and land.

Total Assets Ratio

A financial metric that measures the efficiency of a company's use of its assets to generate revenue.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicating the financial performance over a given period.

Cash Flow

A rephrased definition for KT-16: The total amount of money being transferred into and out of a business, especially as affecting liquidity.