Question

In: Finance

Please answer all questions Select from among the statements below any or all that are true....

Please answer all questions

Select from among the statements below any or all that are true.

A.

An employee handbook can never serve as the basis for a claim by an employee against an employer.

B.

If an employee handbook states that it is not a contract, the employer is free to pick which provisions are enforceable.

C.

An employee handbook can never serve as the basis for a claim by an employer against an employee.

D.

If an employee handbook states that it is not a contract then employers cannot selectively enforce only those provisions favorable to them.

Select the correct statements.

A.

Movable goods can never become immovable fixtures.

B.

If an object is made or adapted especially for a property, it is probably a fixture.

C.

Manifestations of permanence are relevant to determining if an object is a fixture.

D.

If an object is attached to property in such a way that removing the object would damage the property, the object is probably a fixture.

Which of the following is the most accurate summary of the holding in Jackson v.Holiday Furniture?

A.

The court found that Mr. Jackson's death required the discharge of all of the Jacksons' debts.

B.

The court found that Holiday Furniture had violated the automatic stay by continuing collection actions against the Jacksons. The court assessed punitive damages against Holiday Furniture for the violations.

C.

The court found that Holiday Furniture had violated the automatic stay by continuing collection actions against the Jacksons. The court held the executive officers of Holiday Furniture criminally liable for the violations.

D.

The court found that Holiday Furniture had failed to file a proof of claim thereby rendering the automatic stay inapplicable to Holiday Furniture.

The laws of most states require that contracts between accountants and their clients be in writing.

True

False

Employers and employees may not modify the employment at will doctrine by contract.

True

False

Which of the following statements are true?

A.

To obtain a patent, inventors must file a detailed application with the United States Patent and Trademark Office (USPTO).

B.

The USPTO determines the commercial viability of innovations that the USPTO reviews.

C.

Adverse USPTO decisions are appealable to the Patent Trial and Appeal Board.

D.

Authority for the passage of federal legislation concerning the protection of inventions derives from the United States Constitution.

Solutions

Expert Solution

A.

An employee handbook can never serve as the basis for a claim by an employee against an employer.

TRUE - the handbook is more of an instruction manual and not a contract.

B.

If an employee handbook states that it is not a contract, the employer is free to pick which provisions are enforceable.

FALSE - It is generally accepted principles to follow in the workplace, and the employee needs to adhere to it.

C.

An employee handbook can never serve as the basis for a claim by an employer against an employee.

FALSE - it can in certain situations, when there is deleriction of duty.

D.

If an employee handbook states that it is not a contract then employers cannot selectively enforce only those provisions favorable to them.

FALSE - that can't be done as they need to follow them as their principles.

Select the correct statements.

A.

Movable goods can never become immovable fixtures.

FALSE - Moveable parts may be fixed into land and become immoveable at times.

B.

If an object is made or adapted especially for a property, it is probably a fixture.

TRUE - probably in most cases this is a true statement.

C.

Manifestations of permanence are relevant to determining if an object is a fixture.

FALSE - Even impermenant objects can be fixtures.

D.

If an object is attached to property in such a way that removing the object would damage the property, the object is probably a fixture.

TRUE - this statement is true.

Which of the following is the most accurate summary of the holding in Jackson v.Holiday Furniture?

A.

The court found that Mr. Jackson's death required the discharge of all of the Jacksons' debts.

FALSE

B.

The court found that Holiday Furniture had violated the automatic stay by continuing collection actions against the Jacksons. The court assessed punitive damages against Holiday Furniture for the violations.

TRUE

C.

The court found that Holiday Furniture had violated the automatic stay by continuing collection actions against the Jacksons. The court held the executive officers of Holiday Furniture criminally liable for the violations.

TRUE

D.

The court found that Holiday Furniture had failed to file a proof of claim thereby rendering the automatic stay inapplicable to Holiday Furniture.

TRUE

The laws of most states require that contracts between accountants and their clients be in writing.

True -TRUE

False

Employers and employees may not modify the employment at will doctrine by contract.

True -

False - Can be modified by contract

Which of the following statements are true?

A.

To obtain a patent, inventors must file a detailed application with the United States Patent and Trademark Office (USPTO).

TRUE

B.

The USPTO determines the commercial viability of innovations that the USPTO reviews.

FALSE - commercial viability is not the main point, rather uniqueness.

C.

Adverse USPTO decisions are appealable to the Patent Trial and Appeal Board.

TRUE

D.

Authority for the passage of federal legislation concerning the protection of inventions derives from the United States Constitution.

TRUE


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