Distinguish among express, implied, and apparent authority.
Answer to relevant QuestionsIt is often difficult for a third party to distinguish between an agent and an employee. Are there times when it is important to distinguish between the two? Should there be a clear identification system established? Using the Internet and search engines, investigate the tax rules relating to the organizational forms discussed in the chapter. Differentiate among corporate shareholders, directors, and officers. Why is some property considered exempt under Chapter 7 of the federal bankruptcy law? Working in teams of three or four, interview personnel at your local bank to check liability for lost or stolen bank-issued ATM, credit, and debit cards.
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