Ms. Lam bought a lot next to a house owned by Mr. Dodson. She asked Mr. Dodson for permission to use his electricity while building a house on her property. He refused. He feared his house was too old to handle the electricity load needed. Later, a carpenter employed by Ms. Lam accidentally broke a window of Mr. Dodson's while moving lumber. Furthermore, the carpenter removed part of Dodson's fence to make room for needed materials, used Dodson' house to support the lumber and drove some nails into Dodson's tree to hold some wires. Dodson complained to Ms. Lam. Irritated by his stand on the electricity and his complaints, Lam began a civil action against him for the tort of defamation, although she had absolutely no grounds for alleging defamation. Which of the following is not supported by the facts given above?

A) Dodson has an action against the carpenter for trespass.
B) Dodson has an action against Lam on the principle of vicarious liability.
C) Dodson has an action against Lam on the grounds of strict liability (the rule of Rylands v. Fletcher) .
D) Dodson has an action against the carpenter for negligence.
E) Dodson could sue Lam for trespass even if there was no damage.

At the optimum, the marginal social benefit from pollution emissions

A) is zero.
B) will be greater than the marginal social cost of pollution emitted.
C) will equal the marginal social cost of pollution emitted.
D) will be less than the marginal social cost of pollution emitted.

Which statement is false?

A) Savings may be invested directly in a corporation,or it may be invested indirectly through a bank or other financial intermediary.
B) Large bank loans are often made,not by individual banks,but by loan syndicates of dozens of banks.
C) Corporations raise a substantial portion of their investment funds internally.
D) Some partnerships raise funds by selling stock.

Which of the following statements is incorrect?

A) Working papers are useful aids in the accounting process.
B) On the work sheet,the effects of the accounting adjustments are shown on the account balances.
C) After the work sheet is completed,it can be used to help prepare the financial statements.
D) On the work sheet,the adjusted amounts are sorted into columns according to whether the accounts are used in preparing the unadjusted trial balance or the adjusted trial balance.
E) A worksheet is not a substitute for financial statements.