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strict liability doctrine, promissory estoppel,

I need help with the following questions. These are short answer questions and need proper APA citations were appropriate.

1. How does the strict liability doctrine apply to the practice of accounting? Give examples.
2. What privacy and security issues arise when conducting business on the internet? Give examples.
3. When does promissory estoppel apply? Give an example.
4. What are some legal excuses for nonperformance or other grounds for discharge of contracts? Give examples.
5. What are the UCC principles of good faith and reasonableness to sales contracts?

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1. How does the strict liability doctrine apply to the practice of accounting? Give examples.
The strict liability doctrine applies to the practice of accounting because strict liability is a doctrine in which the guilty mind does not have to be established in relation to the event. The liability is strict because defendants will be convinced even though they were actually ignorant of the factors that made their omission criminal. In other words if the injured party simply proves that she was harmed by the actions of the accountant in a specific way, she can collect damages.

Consider the following example, if an accountant unknowingly makes a false entry in a record, he will be awarded criminal penalty under Section 802 (a) of the Sarbanes-Oxley Act.

2. What privacy and security issues arise when conducting business on the internet? Give examples.
When conducting business over the internet, privacy and security issues relate to the information, one reveals about oneself over the internet. ...

Solution Summary

This solution gives you a detailed discussion on strict liability doctrine, promissory estoppel, nonperformance, UCC

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