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Pam bought Mississippi State Lottery tickets. Several days later, she learned that someone had won the lottery but that the winner had not yet come forward. She searched for her ticket to see if she had selected the winning numbers, but was unable to find it. Although the lottery ticket was gone, Pam still possessed the play slip she had used when she purchased the ticket. She checked the numbers on the play slip and discovered that she had the winning numbers for the lottery. Reasoning that the play slip would satisfy the Lottery office, Pam laid her claim. The Lottery Office took the position that Pam needed to produce the actual winning ticket as per the rules, and it denied her claim. Pam sued the Lottery Office for breach of contract and unjust enrichment. Will she succeed?
A. Yes, because the pay-slip should be proof enough to substantiate her claim on the prize money. B. Yes, because this is a good faith claim and Lottery Office should accept Pam's pay-slip as proof of her winning the lottery. C. No, because Pam had made a mistake in losing the original ticket. D. No, because the rules of the contract prescribed the ticket must be shown to claim the money. Pam had accepted that rule when she entered into the contract and thus she is now precluded from claiming the prize money.
Research professional standards of the IIA to identify recommendations for the organizaional reporting lines of authority appropriate for an effective internal audit function within an organization.
Ireland Corporation obtained a $40,000 note receivable from a customer on June 30, 2011. The note, along with interest at 6%, is due on June 30, 2012. On September 30, 2011, Ireland discounted the note at Cloverdale bank. The bank's discount rate ..
William's basis in the WAM partnership interest was $100,000 just before he received a proportionate liquidating distribution consisting of investment land (basis of $30,000. fair market value $40,000), and inventory (basis $30,000, fair market va..
The Butterfly Corporation had the following information that pertained to its March budget.
In the same year Nectar sold land costing $50,000 to Lorikeet for $30,000. On July 1, 2005, Lorikeet sold the land to an unrelated party for $110,000. What will be the gain reported on the consolidated income statement for 2005?
stower research issues bonds dated january 1 2011 that pay interest semiannually on june 30 and december 31. the bonds
delver inc. is a calendar-year coporation. its financial statements for the years ended 123114 and 123115 contained the
prepare journal entries in the internal service fund to record the transactionsinternal service funds are accounted for
Calculate the taxable income for Tom and Terry.
1. which of the following aspects of a company would not be considered a critical success factor for a company that
peter johnson invests 21310.08 now for a series of 3000 annual return biginning one year from now. peter will earn 10
Record each transaction in journal form and post to the appropriate accounts in the ledger. Prepare a Trial Balance for January 31, 2008.
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