Provision that any errors, fraud, or noncompliance with laws and regulations that come to the accountant's attention need not be reported to the entity.Thus correct option (D).
A review engagement is a type of engagement that provides a limited level of assurance that a company's financial statements comply with the applicable financial reporting framework. It gives users limited assurance on the accuracy or correctness of financial statements.
The goal of a review engagement is to review the financial statements and provide an opinion on whether the financial statements are free of material errors or fraud as a whole. Reasonable assurance is greater than limited assurance.
While an audit is intended to provide some assurance that the financial statements are free of material misstatements, a review engagement is only intended to determine whether the financial statements are credible or plausible.
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Full Question :In a review engagement, the accountant should establish an understanding with the entity regarding the services to be performed. The understanding should include all of the following except a
Description of the nature and limitations of the services to be performed.
Description of the report the accountant expects to issue.
Provision that the engagement cannot be relied upon to disclose errors, fraud, or noncompliance with laws and regulations.
Provision that any errors, fraud, or noncompliance with laws and regulations that come to the accountant's attention need not be reported to the entity.
Explain the difference between secured and unsecured creditors.
a) Secured creditors have collateral to secure their debt, while unsecured creditors do not.
b) Secured creditors have higher priority in repayment than unsecured creditors.
c) Unsecured creditors have a higher interest rate compared to secured creditors.
d) Secured creditors are individuals, while unsecured creditors are institutions.
The correct option is: a) Secured creditors have collateral to secure their debt, while unsecured creditors do not.The primary difference between secured and unsecured creditors lies in the presence or absence of collateral to secure the debt. Here's a breakdown of the options you provided:
a) Secured creditors have collateral to secure their debt, while unsecured creditors do not. Secured creditors hold a legal claim on specific assets or property that serves as collateral for the debt owed to them. If the borrower defaults on the loan or debt, the secured creditor has the right to seize and sell the collateral to recover the outstanding amount. b) Secured creditors have higher priority in repayment than unsecured creditors. This statement is generally true. In the event of bankruptcy or liquidation, secured creditors have a higher priority in receiving repayment compared to unsecured creditors. This is because their claims are backed by collateral, providing a higher level of security for their loan.
c) Unsecured creditors have a higher interest rate compared to secured creditors. The interest rate charged by creditors is not directly related to whether they are secured or unsecured. Interest rates are typically determined by various factors, including the creditworthiness of the borrower, prevailing market rates, and the terms of the loan or credit agreement. d) Secured creditors are individuals, while unsecured creditors are institutions. This statement is not accurate. Both secured and unsecured creditors can be individuals or institutions. The distinction between secured and unsecured creditors is based on the presence or absence of collateral, not the type of entity they represent.
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Which statement best explains how political parties are able to exert
influence over U.S. public policy?
A. Parties offer campaign funds to candidates who will support the
party's platform once in office.
B. Party members work to limit the influence of political action
committees on public policy decisions.
C. Party leaders bring together voters with opposing values to enable
policy compromises.
D. Parties ensure that their members are unable to vote
independently on most public policy issues.
what can the government do to reduce juvenile delinquency?
Answer:
In general, the Office of Juvenile Justice and Delinquency Prevention recommends that the following types of school and community prevention programs be employed: Classroom and behavior management programs. Multi-component classroom-based programs. Social competence promotion curriculums.
Explanation:
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voting based on the imagined future performance ofa political candidate is known as
Voting based on the imagined future performance of a political candidate is known as prospective voting.
Voters who use prospective voting make decisions by considering the future intentions and positions of political candidates before casting a ballot. It entails taking into account the candidates platforms, policy suggestions, and perceptions of their capacity to deal with pressing issues or live up to voter expectations.
Voters who cast prospective ballots consider the promises made by the candidates as well as the possible results and effects of their suggested actions. Voters' beliefs, values and expectations about how a candidate's actions will affect the future course of the nation or community are frequently the foundation of prospective voting.
Voters make assessments of the candidates capacities to keep their commitments and produce desired results so there is some degree of speculation and forecasting required.
The question is incomplete, complete question is "voting based on the imagined future performance of a political candidate is known as
prospective voting
passive voting
indirect vote
direct vote"
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advertising or other sales presentations that promote a product by using subjective opinions, superlatives, or exaggerations without stating specific facts are referred to as
1)Advertising or other sales presentations which promote a product by using subjective opinions, superlatives, or exaggerations without stating specific facts are referred to as puffery.
Puffery is the colloquial term for extravagant or insincere praise. To "blow up" what is being described, use puffery. In the legal system, puffery is frequently used as a defence justification because it refers to pointless speech—typically that of a seller—that does not give rise to legal responsibility. Legal justifications for this normative perspective define the non-enforceable speech in a circular fashion by claiming that no "reasonable person" would ever take it seriously. You may have seen commercials promoting the plushest mattresses, the coziest sweaters, or the quickest vehicles. All of these assertions fall under the category of puffery, a style of advertising. Puffery is the innocuous stretching and exaggeration of facts about a good or service in digital advertising.
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the court of appeals for the federal circuit differs from the other courts of appeals because it
The Court of Appeals for the Federal Circuit (CAFC) differs from the other courts of appeals because it not limited to geographic jurisdiction, and instead has nationwide jurisdiction on specific matters.
It was created in 1982 to hear appeals on particular subject matter such as patent law, trademark law, international trade law, and federal claims. The CAFC was established in response to the perception that specialized knowledge and experience was needed to decide cases in these areas, as opposed to leaving it to the various regional appellate courts to apply the law.
The judges of the CAFC have expertise in these areas, and the court has exclusive jurisdiction over many types of cases that are heard on appeal from district courts, including patent infringement cases and trademark cases. This specialization helps to promote consistency in decision-making and reduce the likelihood of conflicting decisions by different circuit courts.
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The area of consumer protection has given rise to a myriad of statutes at both the federal and state level that seek to protect the consumer from the dangers of the marketplace. (Ch. 44) Identify and discuss any three (3) specific areas of consumer activity that have become a focus of this type of legislation. Consumer Protection Ch 44 Please note that this area of law is reflective of many statutes that address the subject matter, only some of which, are referenced within this outline. Introduction Consumer transactions defined as goods, credit, services or land for personal, household or family purposes (cf. caveat emptor - "let the buyer beware" A. State and federal Consumer Protection Agencies Abuses include credit, deceptive trade practices, unsafe products, unfair pricing. 1) State and local consumer protection agencies-address fraudulent and deceptive trade and sales practices, defective goods and services 2) Federal Trade Commission (FTC)-re: used cars, franchises, funerals, door to door sales etc. unfair competition (ant- trust) unfair and deceptive trade practices deception-misrepresentation, omission or practice likely to mislead advertising substantiation -reasonable basis for advertising claims 3) Remedies Affirmative disclosure Corrective advertising Cease and desist orders 4) Consumer Product Safety Commission - protects public re unsafe products, evaluates products, uniform standards, excludes autos, tires, tobacco, firearms, food. drugs among others and enforcement re: hazardous substances 5) Consumer Financial Protection Bureau-authority over consumer financial products or services 6) Other federal consumer protection agencies- National Highway Traffic Safety Administration (NHTSA) -autos, etc. Federal Drug administration (FDA)-food, tobacco, drugs, medical devices, cosmetics, etc. B. Consumer purchases State contract law (UCC Art 2) provide many rights and obligations 1) Federal warranty protection -applies to sellers of consumer goods who give written warranties (ensure certain features of consumer goods or services) 2) As per Magnusson Moss Warranty Act need provide adequate assurance re: warranties (disclosures, labeling, disclaimers) 3) State lemon laws-provides new car purchasers w/ rights 4) Consumer right of rescission w/n 3 days of signing C. Consumer Credit Transactions Applies to any credit transactions re: goods, services or land for personal, household or family- Federal Consumer Credit Protection Act (FCCPA) 1) Access to the market-addresses discrimination in extending credit/ several applicable statutory protections 2) Disclosure requirements Truth - in- Lending Act (TILA) provides information such as charges, late fees etc. re: credit accounts 3) Among areas addressed are: Home equity loans fixed amount secured by home Billing errors re: disputed amounts Settlement charges -applies to real estate escrow accounts Mortgage Reform and Anti- Predatory Lending Act 4) Contract terms- FTC limit rights of holders in due course when debt arises out of consumer credit transaction 5) Consumer credit card fraud- limits liability for unauthorized use up to $50 6) Fair reportage- Fair Credit Reporting Act (FRCA) -prohibits use of inaccurate or dated information in consumer reports 7) Credit card bill of rights re: interest rates, notices, payments and penalties D. Creditor remedies 1) Wage assignments - protects against discharge from employment Garnishment -only by court order 2) Security interest in goods- seller may retain security interest in goods sold w/ restrictions 3) Debt collection practices-prohibitions on abusive, deceptive, unfair practices including harassing conduct
Numerous federal and state laws have been passed in the field of law known as consumer protection in an effort to protect consumers from the risks present in the marketplace. Three specific consumer activities that have come under the purview of such legislation are as follows:
1. Purchases by consumers: This refers to the sale of products and services, as well as real estate, for private, domestic, or familial use. For instance, written warranties offered by vendors of consumer goods are covered under the Federal Warranty Protection. On the other hand, new automobile buyers have rights under lemon laws.
2. The use of consumer credit: It covers all credit agreements for purchases of commodities, services, or real estate made for private, domestic, or familial use. The Federal Consumer Credit Protection Act (FCCPA) is applicable to a number of legal protections, such as banning discrimination in credit-granting.
3. Credit Remedies: There are many different types of creditor remedies, including wage assignments, garnishments, security interests in property, and debt collection techniques. Garnishment is only legal with a court order, and wage assignments guard against termination from employment. The credit card bill of rights places restrictions on credit card users' interest rates, notifications, payments, and penalties, and fair reporting forbids the use of inaccurate or out-of-date information in consumer reports. Protecting consumers from dishonest and misleading business practices, as well as faulty goods and services, is the responsibility of the Consumer Financial Protection Bureau and other government consumer protection organizations, such as the National Highway Traffic Safety Administration (NHTSA).
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Outline any five ways we can guarantee the right of citizens in a state
Answer:
The US Constitution guarantees a number of rights and liberties to US citizens.
The right to trial by jury in criminal cases is guaranteed. (Article 3, Section 2)
The citizens of each state are entitled to the privileges and immunities of the citizens of every other state. (Article 4, Section 2)
The requirement of a Writ of habeas corpus may not be suspended except during invasion or rebellion. (Article 1, Section 9)
Neither Congress nor the states can pass a bill of attainder. (Article 1, Section 9)
Neither Congress nor the states can pass ex-post facto laws. (Article 1, Section 9)
No law impairing the obligation of contracts may be passed by states. (Article 1, Section 10)
No religious test or qualification for holding federal office is allowed. (Article 6)
No titles of nobility would be allowed. (Article 1, Section 9)
Explanation:
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1. what is the canada-china foreign investment promotion and protection agreement about? what are the main objectives of this treaty?
2. what is the canada-costa rica foreign investment promotion and _______.
Bilateral treaty promoting and protecting foreign investment between Canada and China, ensuring predictability, fair treatment, and dispute resolution are the main objectives of this treaty.
A bilateral agreement between Canada and China called the Foreign Investment Promotion and Protection Agreement (FIPA) aims to encourage and safeguard foreign investment between the two nations. This treaty's main goals are to increase predictability and security for investors, ensure fairness and equity, ease the flow of capital, and create a process for resolving investment disputes.
A bilateral agreement called the Canada-Costa Rica Foreign Investment Promotion Agreement aims to encourage and facilitate foreign investment between Canada and Costa Rica. Its primary goals include fostering an environment that is conducive to investment, making sure that investments are protected and treated fairly, and setting up mechanisms for dispute resolution.
The agreement aims to promote economic cooperation, improve market access and give investors from both nations legal certainty and predictability. The provisions on non discrimination, expropriation compensation, and free fund transfers are among the rights and responsibilities of investors that are outlined in this document. The agreement aims to deepen economic ties and promote investment flows that benefit both Canada and Costa Rica.
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What is the most accurate description of the criminal justice system?
Answer:
The criminal justice system is a network of government and private agencies intended to manage accused and convicted criminals. The criminal justice system is comprised of multiple interrelated pillars, consisting of academia, law enforcement, forensic services, the judiciary, and corrections.
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Under 2021 tax law, a child no longer qualifies a taxpayer for the Child Tax Credit in the year the child reaches:
Under 2021 tax law, a child no longer qualifies a taxpayer for the Child Tax Credit in the year the child reaches: 1. Age 17.
What is a Form 1040?A Form 1040 was formally referred to as U.S. Individual Income Tax Return or Schedule C and it can be defined as an internal revenue service (IRS) tax form which is used by taxpayers in the United States of America, to file their annual income tax return and Child Tax Credit (CTC).
What is the Child Tax Credit?The Child Tax Credit (CTC) can be defined as a partially refundable federal tax benefit that can be claimed by parents with dependent children when filing Form 1040 and attaching Schedule 8812 to the return.
Under 2021 tax law of the United States of America, a seventeen (17) year old child does not qualify a taxpayer for Child Tax Credit (CTC).
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Complete Question:
Under 2021 tax law, a child no longer qualifies a taxpayer for the Child Tax Credit in the year the child reaches
1.Age 17
2.Age 18.
3. Age 19
4. Age 19, or age 24 if the child is a full-time student.
Why has probation become so important to the operation of law enforcement?
It is the most commonly applied sanction.
It is the most underused sanction.
It has become a sadly ineffective sanction.
It is the sanction preferred by judges.
Answer: A. It's the most conmanly applied sanction
Explanation:
"Probation plays an extremely important role in the operation of the law enforcement and corrections systems in the United States. Probation is currently the most commonly applied correctional sanction," - from the article the very first paragraph in the page off Edge.
the federal agency to which identity theft complaints are made is the ______.
The federal agency to which identity theft complaints are made is the Federal Trade Commission (FTC).
The FTC is the primary federal agency responsible for protecting consumers from identity theft. If you believe that you have been a victim of identity theft, you can file a complaint with the FTC online or by phone. The FTC will provide you with information on what steps to take next, including how to report the identity theft to the credit bureaus, how to create an identity theft report, and how to work with companies to correct any errors on your credit report. The FTC also provides resources and tips for preventing identity theft, such as protecting your personal information and monitoring your credit report regularly.
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distinguish social behavior and legal behavior for example
Answer:
What is the difference between ethical behavior and legal behavior?
The distinction is important. Actions are 'legal' if they do not violate the laws or codes of the local government, state, or federal government. ... A formally adopted code of ethics is a legal requirement; when you violate a state or local government code of ethics there are specific consequences.
Explanation:
Please help? ill give 38 points.
Answer:
The Clean Air Act (CAA) is the comprehensive federal law that regulates air emissions from stationary and mobile sources. Among other things, this law authorizes EPA to establish National Ambient Air Quality Standards (NAAQS) to protect public health and public welfare and to regulate emissions of hazardous air pollutants. One of the goals of the Act was to set and achieve NAAQS in every state by 1975 in order to address the public health and welfare risks posed by certain widespread air pollutants. The setting of these pollutant standards was coupled with directing the states to develop state implementation plans (SIPs), applicable to appropriate industrial sources in the state, in order to achieve these standards. The Act was amended in 1977 and 1990 primarily to set new goals (dates) for achieving attainment of NAAQS since many areas of the country had failed to meet the deadlines. Section 112 of the Clean Air Act addresses emissions of hazardous air pollutants. Prior to 1990, CAA established a risk-based program under which only a few standards were developed. The 1990 Clean Air Act Amendments revised Section 112 to first require the issuance of technology-based standards for major sources and certain area sources. "Major sources" are defined as a stationary source or group of stationary sources that emit or have the potential to emit 10 tons per year or more of a hazardous air pollutant or 25 tons per year or more of a combination of hazardous air pollutants. An "area source" is any stationary source that is not a major source. For major sources, Section 112 requires that EPA establish emission standards that require the maximum degree of reduction in emissions of hazardous air pollutants. These emission standards are commonly referred to as "maximum achievable control technology" or "MACT" standards. Eight years after the technology-based MACT standards are issued for a source category, EPA is required to review those standards to determine whether any residual risk exists for that source category and, if necessary, revise the standards to address such risk.
Explanation: im just different
Who would have had to follow the precedent
if the case had been decided by a judge in a
state supreme court?
Answer:
Lower courts
Explanation:
I'm assuming you are taking government. I suffered through government last year. So, ik
If your objective is to secure order, authoritarian governments actually work best.
True
False
g go to the minnesota statutes popular name table and find the clean water legacy act. what statutory section is this act codified to?
The Clean Water Legacy Act is codified to Minnesota Statutes, section 103G.001. The Clean Water Legacy Act is a comprehensive law that was established to protect and restore water quality in the state of Minnesota.
Its primary goal is to ensure that Minnesota's waters are safe and clean for drinking, recreation, and habitat for fish and wildlife. The Clean Water Legacy Act is an important piece of legislation as it establishes a framework for how the state should manage and protect its water resources. It provides for the development of a comprehensive statewide water resources plan which is designed to protect the state's water resources from contamination, overuse, or other sources of degradation. The Act also sets forth requirements for water quality standards and the monitoring of surface water and groundwater quality.
In addition to the water quality standards and monitoring requirements, the Clean Water Legacy Act also provides for the implementation of a variety of projects that are designed to improve the quality of Minnesota's waters.
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Complete question :
From the minnesota statutes is given below , identify what statutory section is the clean water legacy act codified to?
14. How have we “given away” our privacy in today’s society? (Think technology.)
15. At the end of the program, Peter Sagal interviews a young woman who immigrated from Somalia and now lives in Minnesota. Even though she has faced discrimination, why is she still so upbeat about the freedoms we have in the United States?
Answer:
she was in a young man so its d
Explanation:
A DNS-based traffic load balancer
Azure load balancer
Traffic manager
Application gateway
Azure front door
A DNS-based traffic load balancer is a type of Azure load balancer that uses DNS to distribute traffic across multiple servers or endpoints. Thus option (A) is correct.
Azure Load Balancer is a Layer 4 load balancer that distributes incoming traffic across multiple VMs or instances in a backend pool. It supports both public and private IP addresses, and can be used for both inbound and outbound traffic.
When a client requests a connection to a particular hostname, the DNS servers return a list of IP addresses for that hostname, and the client selects one of the IP addresses to connect to.
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Which situation would not be considered a civil law case?
a. A married couple getting divorced.
b. An employee steals products from their employer.
c. A customer slips on a wet floor inside a restaurant.
Answer:
A civil case is when a person or business claims to have been harmed by the actions of another person or business.
Explanation:
so it should be b
Imagine two young men who commit an act of vandalism. One of them gets caught and goes to jail, but the other is not identified and goes to college. There is a probability that the one who goes to jail may become a criminal while there is possibly an equal probability that the one who goes to college will have a successful life. What does this suggest about the present system? How could one improve it?
Answer:
This suggest that the current system needs to be improved. Ask the person who was put in jail if he had anyone working with him, in exchange the criminal who was put in jail could have 3-5 years off his sentence.
Explanation:
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quizlet ben is concerned that if he injures someone or damages someone's property he could be held legally responsible and required to pay damages. this type of risk is called a
The type of risk Ben is concerned about, whereby if he causes injury to a person or damage to their property, and he may be legally responsible for compensation, is referred to as a liability risk.
Liability risks are a type of risk that an individual or company may face as a result of their actions or operations. In essence, this kind of risk arises when there is a possibility of a lawsuit or legal action against the party involved if they cause injury to someone else or harm their property.
In this case, Ben could face significant financial losses and legal repercussions if he injures someone or damages their property, making it crucial for him to have liability insurance coverage that can protect him in the event of such an incident.
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The type of risk that Ben is concerned about is called liability. It is important for individuals to be aware of the potential risks and take appropriate precautions to avoid causing harm or damage to others.
Liability refers to the legal responsibility one has for their actions or omissions that result in harm to someone else or damage to their property. In this case, Ben is worried that if he injures someone or damages their property, he could be held liable. If a court determines that Ben is responsible for the harm caused, he may be required to pay damages, which are monetary compensation to the injured party. Liability can arise in various situations, such as car accidents, personal injury cases, or property damage claims.
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Which of the following is not an exclusive right recognized under copyright law?
a. They are all recognized rights.
b. The right of reproduction of a work.
c. The right of public display of a work.
d. The right of the preparation of derivative works.
Option A is correct. They are all recognized rights under the copyright law.
About Copyright Law
Original works of authorship are given monopoly protection under American copyright law. Copyright law grants writers a set of unique rights, including the ability to manufacture & sell copies of the works, to develop derivative works, as well as to perform or show their works publicly, all with the declared aim of promoting art and culture. These exclusive rights have a time restriction and often end 95 years following publication or 70 years just after author's passing. Works released in the US before January 1, 1927, are considered to be in the public domain. The Copyright Act of 1976, which is included in Title 17 of the US Code, was the last major revision to United States copyright law.
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True or false for top. will thumbs up if done correct
70. In general, a drawer can stop payment of a certified or cashier's check.
71. Certification of a check must be written on the check and must be signed by an agent of the bank.
72. An indorser's conditional liability is discharged if a check is not presented for payment within three days after the date the indorser signed the check.
Answer: 70 t
71 t
72 f
Explanation:
A well-diversified portfolio needs about 20-25 stocks from different categories.
True
False
The statement that "well-diversified portfolio needs about 20-25 stocks from different categories" is False.
What makes for a well-diversified portfolio?The number of stocks needed in a well-diversified portfolio may vary depending on various factors, including the investor's risk tolerance, investment goals, and the types of stocks they are investing in.
However, in general, it is not necessary to hold 20-25 stocks to achieve diversification. Many financial experts recommend holding a minimum of 10-15 stocks to reduce the risks associated with individual stocks, but the number may be higher or lower depending on the specific circumstances of the investor.
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What are the two most common settings for legitimate non-compete agreements?
What is equality of Nations, Nationalities and Peoples?
Answer:
The Nations, Nationalities and Peoples' Day affirms the necessity of respect for the fundamental rights of individuals and of the nations and nationalities of the country as well as the development of the country's various cultures and religions.
Explanation:
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Select the best answer: A Notary Signing Agent with nearly 10 years experience has reviewed and is completely familiar with all the documents in a loan package. When meeting with the borrower, the Notary Signing Agent may now:
Answer:
the now be signing 10 years
Explanation:
Under what circumstances, if any, should people be prohibited from voicing unpopular views?
Answer:
if they use violence or threats especially against a certain person as it can cause emotional stress.
I hope this helps!
Answer:
Voicing Unpopular opinions is apart of Everyone's constitutional Right, and isn't prohibited in any way but is limited.
Explanation:
Everyone has the right to voice their opinion, like who they Want to be President, or Samsung vs iPhone, whatever the matter is you have that right, but is limited, you are not allowed (Using your words) to cause a Public disturbance if their is no threat, like you can't call fire in a Movie theater if their is none, or you can't say "GUN" while the President is speaking or threaten some. It's just not allowed, these aren't considered an Opinion, their just disturbances.