8. Explain the liability of bailees for lost damaged, or destroyed goods? Business Law questions

8. Explain the liability of bailees for lost damaged, or destroyed goods?

Business Law questions

Expert Solution

Here is solution of your question. If you have any query please comment in comment Box and will definitely resolve your query Thank you

jeff jeffy answered 9 months ago

This is a business Law question. Explain the liability of bailees for lost damaged, or destroyed...

This is a business Law question. Explain the liability of bailees for lost damaged, or destroyed goods?

Jack's business premises were destroyed in a fire and all his records were lost apart from...

Jack's business premises were destroyed in a fire and all his records were lost apart from a recent analysis that he had made of the latest period's results for his company. He managed to retrieve the following: Sales: $375000 GP margin: 28% Total expenses ratio: 17% Tax Rate 30% Debt of equity 0,75:1 Current Assets as percentage of cost of 22% Sales Current ratio 1.8:1 Return on Equity 11% Question: From the information given reconstruct a Statement of Profit or...

List and explain extensively 5 issues with product liability law in practice

BUSINESS LAW EMPLOYMENT LAW 8. Now, name 4 things that the IRS requires that employers do....

BUSINESS LAW EMPLOYMENT LAW 8. Now, name 4 things that the IRS requires that employers do. 9. What is the purpose for unemployment laws, and who pays unemployment tax? What happens when the state unemployment insurance fund runs out of money? 10. What is the purpose for workers compensation laws? What happens to an employer who does not have workers comp insurance when an employee is hurt at work?

Padres Co sells goods subject to a state sales tax of 8%. State law requires that...

Padres Co sells goods subject to a state sales tax of 8%. State law requires that the amount of sales tax collected during the month be remitted by the end of the following month. At the time of a sale, Padres Co credits the sales account for both the amount of sales revenue and sales tax. Sales tax, when paid, is then debited to the sales account. Accrual for sales tax payable is made only at December 31. Sales tax...

Business law: Goods were displayed in the shop for sale with price tags attached to each...

Business law: Goods were displayed in the shop for sale with price tags attached to each article and the self-service system was there. One customer selected the goods. Could you describe this kind of contract and when the contract is finalized? This case is an Invitation to Treat and why?

8. Juliette formed a new business to sell sporting goods this year. The business opened its...

8. Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine the amount of start-up costs Juliette can immediately expense (not including amortization) this year in the following alternative scenarios. (Leave no answer blank. Enter zero if applicable.) a. She incurred start-up costs of $2,200. Amount of start-up costs immediately expensed ? b. She incurred start-up costs of $40,250. Amount of start-up costs immediately expensed ? c. She...

BUSINESS LAW 1 (3 Questions) 3 7 . The name for the judicial presumption that the...

BUSINESS LAW 1 (3 Questions) 3 7 . The name for the judicial presumption that the directors of a corporation make informed business decisions acting in good faith in the corporation’s best interests is: a) the business judgment rule b) the fiduciary rule c) the acts and omissions rule d) the covenant of good faith and fair dealing ____ 3 8. The employment relationship in which either party — the employer or the employee — can terminate the employment at...

business law 8. Marilyn, George, and Christine pool their money to buy land to operate a...

business law 8. Marilyn, George, and Christine pool their money to buy land to operate a vegetable farm from which they plan to sell the produce and share the profits or losses. Are they partners? a. Yes. They are an association to carry on a for profit business which they own. b. No. Because they each control the use of the land. c. Yes. Because if there is a loss in the land's value, they will all share that loss....

Explain the challenges of a business trying to sell a public and private goods.

Question