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Author Question: What financial responsibility does a union have at law? Where does this liability ... (Read 103 times)

vicky

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on: Jun 24, 2018
What financial responsibility does a union have at law? Where does this liability rest?

Question 2

CPA QUESTION: Mars, Inc, manufactures and sells Blu Ray players on credit directly to wholesalers, retailers, and consumers. Mars can perfect its security interest in the goods it sells without having to file a financing statement or take possession of the Blu Ray players if the sale is made to which of the following:
 a. Retailers.
  b. Wholesalers that sell to distributors for resale.
  c. Consumers.
  d. Wholesalers that sell to buyers in ordinary course of business.


parshano

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Reply #1 on: Jun 24, 2018
Answer to Question 1

It is liable for acts committed by anyone acting as an agent if they act in its behalf, the question of actual authorization or ratification of specific acts not being the factor that is decisive. Financial liability falls on the organization's assets and is not enforceable against the individual member.

Answer to Question 2

.C


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