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Question
Darwin, a college student leased a flat for 15 months which was to terminate in December 2009. Meanwhile he had to go to New Jersey for a project, so he sublet his flat to a friend. It means that:
A. Darwin is not liable to the original owner anymore.
B. Darwin has not transferred his remaining rights to his friend.
C. Darwin has performed an illegal act.
D. Darwin has actually performed an assignment.
Answer
This answer is hidden. It contains 109 characters.
Related questions
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A. Section 7 of the Clayton Act
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A. $20,000 fine and one year imprisonment.
B. $10,000 fine and five years' imprisonment.
C. $20,000 fine and five years' imprisonment.
D. $10,000 fine and one year imprisonment.
Q:
Nast Corp. orally engaged Baker & Co., CPAs, to audit its financial statements. The management of Nast informed Baker that it suspected the accounts receivable were materially overstated. Although the financial statements audited by Baker did, in fact, include a materially overstated accounts receivable balance, Baker issued an unqualified opinion. Nast relied on the financial statements in deciding to obtain a loan from Century Bank to expand its operations. Nast has defaulted on the loan and has incurred a substantial loss. If Nast sues Baker for negligence in failing to discover the overstatement, Baker's best defense would be that:
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A. An accountant who prepares and audits financial statements of companies.
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C. A securities broker who provides investment advice to retail investors.
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