Is it reasonable to hold principals responsible for contracts formed with only apparent authority? What are the
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (17 reviews)
Principals are liable for contracts which are created as a result of an agents apparent authority In ...View the full answer
Answered By
OTIENO OBADO
I have a vast experience in teaching, mentoring and tutoring. I handle student concerns diligently and my academic background is undeniably aesthetic
4.30+
3+ Reviews
10+ Question Solved
Related Book For
Canadian Business & the Law
ISBN: 978-0176501624
4th edition
Authors: Dorothy DuPlessis, Shannnon o'Byrne, Steven Enman, Sally Gunz
Question Posted:
Students also viewed these Business Law questions
-
Puritan Motors has a capital structure consisting almost entirely of equity. a. If the beta of Puritan stock equals 1.6, the risk-free rate equals 6%, and the expected return on the market portfolio...
-
Krispy Kreme Doughnuts (KKD) has a capital structure consisting almost entirely of equity. a. If the beta of KKD stock equals 1.6, the risk-free rate equals 6 percent, and the expected return on the...
-
What are the tradeoffs inherent in handheld computers?
-
If you were in charge of B&D, indicate the possible decisions you might take as regards the four Ps and the points you would want to keep in mind as you go about the task of marketing for...
-
The beginning balance sheet of Water Source Co. included a $800,000 investment in Larsen stock (35% ownership). During the year, Water Source completed the following investment transactions: Mar. 3...
-
The following data are accumulated by Dillon Company in evaluating the purchase of $39,600 of equipment, having a four-year useful life: a. Assuming that the desired rate of return is 15%, determine...
-
Find the z-score that has 4.887% of the distributions area to its right. Find the indicated z-score.
-
Henderson Window Company was a privately held corporation until January 1, 2011. On January 1, 2011, Cool Glass Company acquired a 70% interest in Henderson at a price well in excess of book value....
-
1. What must be the betas of a portfolio with the following expected returns E (rp) = 18%, 8%, 28%, and 36%, if r = 4% and E(M) 14%? =
-
The Statement of Net Position of South State University, a government-owned university, as of the end of its fiscal year June 30, 2019, follows. The following information pertains to the year ended...
-
In the insurance industry, the agent acts primarily for the insurance company, which is the principal. Typically, the insurance agent also advises the client on the needed coverage and the meaning of...
-
The rise in electronic transactions has resulted in more homes being bought and sold without the use of a real estate agent. As in the travel industry, increasing Internet access and user savvy has...
-
After they are used in the OTEC plant, the warm surface water and cold deep water (which is richer in inorganic nutrients) may be mixed together and discharged back into the ocean. In this process,...
-
A painter leans a ladder at some angle against a smooth wall, with the foot of the ladder resting on wall-to-wall carpeting. Why might the ladder slip as he climbs it?
-
Arbitration in the Malpractice Arena Recently, a group of New Jersey gynecologists have come under fire for requiring their patients to sign a binding arbitration agreement before treating them. The...
-
Two balls of the same radius and same inertia roll down an inclined plane, starting from rest. One ball is hollow, and the other is solid. What is the ratio of the time intervals the two balls...
-
What are a reasonable down payment and monthly payment for a home in your area?
-
An object rolls without slipping onto a surface where the coefficient of friction between object and surface is twice as great as that needed to prevent slipping. Describe the subsequent motion.
-
Complete the following. (a) Evaluate f(x) for each x-value in the table. (b) Calculate the average rate of change of f between consecutive data points in the table. (c) Find the difference quotient...
-
Compare and contrast debt financing and equity financing as ways of starting a new business. Does one have an overall advantage over the other? What situation is more favorable to the use of debt...
-
On August 15, 2003, Wilbert Heikkila signed an agreement with Kangas Realty to sell eight parcels of Heikkilas property. On September 8, 2003, David McLaughlin met with a Kangas agent who drafted...
-
Lester purchased a used automobile from MacKintosh Motors. He asked the seller if the car had ever been in a wreck. The MacKintosh salesperson had never seen the car before that morning and knew...
-
Helen, age 17, wanted to buy a Harley-Davidson Sportster motorcycle. She did not have the funds to pay cash but persuaded the dealer to sell the cycle to her on credit. The dealer did so partly...
-
Draw the shear diagram for the beam. Set P = 600 lb, a = 5 ft, b = 7 ft. Draw the moment diagram for the beam.
-
Ahmed, Bassem and Jamal are partners in Tadamon Company who share profits and losses at a ratio of 2 : 2 : 4 respectively. On 1 / 1 / 2 0 2 2 , it was decided to liquidate the company, and the...
-
Draw the shear diagram for the beam. Follow the sign convention. Draw the moment diagram for the beam. Follow the sign convention.
Study smarter with the SolutionInn App