Even if they were unaware of the fraud, accountants may be held accountable for it.
<h3>How does constructive fraud work?</h3>
A legal fable known as "constructive fraud" describes a circumstance in which a person or organization obtained an unfair advantage over another using dishonest or unjust means. As opposed to true fraud, no proof of intent is required. The failure to inform clients of product flaws is one example of unfair practices.
The elements are:
1) a duty owed by the party to be charged to the complaining party due to their relationship;
2) violation of that duty by making deceptive material misrepresentations of past or current facts or remaining silent when a duty to speak exists; and
3) reliance on such statements by the complaining party.
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Answer:
961.88
Explanation:
First, examine whether the bond will be called if interest rate falls to 9%. The call price is
1,000 + 125 = 1,222. Bond price at 9% yield will be
$110/0.13 > call price of 846.15
Bond will be called. The price of the callable bond therefore is:
=+[.60(846.15)+.40(1125)]/1.11+110/1.11 =961.88
Answer:
2 hours of labor
Explanation:
Labor is hired up to a point where the marginal product of labor * Price of the output = wage of the worker.
Thus, 35 * 10 = 350.
35 widgets are produced using 2 hours of labor.
Answer:
If patty sues, the likely result is:
D. Patty may win under the doctrine of promissory estoppel.
Explanation:
Here, in the given question it is mentioned that Patty is a student who is poor and he is struggling to work and also keep up with her studies inspite of the difficulties.
Her uncle, Fred, promises patty that he will help him in this situation and help her with an amount of $200 per month for the next six months.
Although her uncle, Fred didn't ask her to but patty by herself quits her job so that she gives her maximum time and attention to her studies for the six months in which her uncle was going to help her.
According to what hr uncle promised he gave her the amount which he promised to but this was done for a month and then without saying anything or giving any reason he stopped giving her the amount he promised to.
So, now in this scenario if patty sues the likely result would be:
d. Patty may win under the doctrine of promissory estoppel.
