Bob operated a flower shop as a sole proprietorship and decided to formalize the operation of the flower shop, so he formed a limited liability company (LLC) to own and operate the flower shop. After the LLC was formed, the LLC hired David to drive the delivery van that was owned by the LLC and that was used to deliver flowers to customers of the LLC. One day when David was delivering flowers for the flower shop using the van, he ran a red light and collided with a car driven by Jan, causing injuries to Jan and damages to her car.

Who can Jan sue for the injuries that she received in that accident? Are there theories of recovery that Jan can assert that might make Bob liable? What facts would be necessary for Bob to be liable to Jan?

Richardson hired j.c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j.c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."

Which of the following is an example of search costs? a.) driving to a faraway place to find available goods b.) buying goods in some special way that is outside the normal channels c.) paying a premium cost for goods d.) selling extra goods for a discount price

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.