jjaerere6609
05.03.2020 •
Business
Roasters Corporation and Outdoor Barbecues, Inc., enter into a contract for a sale of a commercial grill. The contract requires Roasters to deliver the goods to Speedy Delivery Company for transport to Outdoor. Risk of loss passes to Outdoor when
a. Outdoor begins to use the grill.
b. Roasters delivers the goods to Speedy.
c. Roasters and Outdoor enter into their contract.
d. Speedy transports the goods to Outdoor.
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Ответ:
The correct answer is letter "C": the Sarbanes-Oxley Act.
Explanation:
The Sarbanes-Oxley Act (SOX) of 2002 is a legislative response to a number of corporate scandals that sent shockwaves through the world financial markets. The SOX attempts to strengthen corporate oversight and improve internal corporate control. The main purpose of SOX is to protect shareholders from fraudulent representations in corporate financial statements. SOX was created to add criminal penalties for violating securities laws. It is a result of financial scandals made public during the early 2000s.