Reference no: EM131139402
1. Which statement is incorrect?
a. An agent is not personally liable on a properly execute contract that is made for a disclosed principal fi the agent has actual authority.
b. An agent is not personally liable on a properly executed contract t that is made for an undisclosed principal if the agent has apparent author.
c. A principal is a disclosed principal if the agent discloses:a) the principal’s name/identity; and b) that the agent is acting for the principal.
d. A principal is bound by statements made by an agent while acting within the scope of his/her authority.
2. Which of the following examples does not definitely represent a breach of the duty of due care?
a. Grocer who fails to post a sign warning customers of a slippery floor, although for several hours she knew the floor was very wet. b. An accountant who completed tax returns but did not know the changes in the tax law, although the changes were five years old. c. An attorney who waited until after the statute of limitations has expired before trying to file the a lawsuit, even though he had the case for several months ( it was not a situation where the client first met the attorney a day before the statute of limitations ran).
d. A surgeon who amputated the wrong leg
e. An attorney who loses a case to trial
3. What type of business entity is commonly referred to as a “hybrid”
a. Sole proprietorship
b. General partnership
c. Corporation
d. Limited liability company
4. A joint venture is legally treated as a(n) __________ and is govermed by ________law.
a. partnership'patenership
b. corporation; corporation
c. franchise;franchise
d. agency; agency
5. One for the disadvantages of partnership is double taxation.
a.Ture b.Flase
6. Punitive danages are available to prlaintiff for ordinary negligence.
a.True b. False
|
Determine the velocity v of the stone after t seconds
: Suppose a stone thrown vertically upward from the edge of a cliff on mars (where the acceleration due to gravity is only about 12 ft/s2) with an initial velocity of 64 ft/s from a height of 192 ft above the ground. Determine the velocity v of the st..
|
|
Quality problems-absenteeism or scheduling and balancing
: An agricultural machinery manufacturer can potentially make eight units per day. Its effective capacity, however, is four units per day, and its actual output is three units per day. The manager would like to increase the output per day. Which of the..
|
|
The expected project completion time for the construction
: Using PERT, Adam Munson was able to determine that the expected project completion time for the construction of a pleasure yacht is 24 months, and the project variance is 9. What is the probability that the project will be completed in 17 months? Wha..
|
|
Find the exact sum of the convergent series
: Find the exact sum of the convergent series n=0∑∞7(2/3)n. True or false: The series n=0∑∞(10/5n) is divergent. Justify your answer
|
|
One for the disadvantages of partnership is double taxation
: An agent is not personally liable on a properly execute contract that is made for a disclosed principal fi the agent has actual authority. An agent is not personally liable on a properly executed contract t that is made for an undisclosed principal i..
|
|
Personal protection equipment
: Personal Protection Equipment (PPE) prepare an outline as described below for a safety program incorporating the safety management principles presented. Purpose and Scope of the PPE Program One or two descriptive paragraphs explaining program intent...
|
|
Game theory application in the real world
: Game Theory application in the real world: Can you think of legacy competitors that apply game theory on a regular basis? Provide an example and discuss.
|
|
Correct statement about inpatriates
: Which of the following is a correct statement about inpatriates?
|
|
Statement about organizing campaign
: Which of the following is a correct statement about an organizing campaign?
|