last question: A sales representative for BMW recently offered a customer a car for $65,000 when the price of the car was supposed to be $95,000. The sales rep and customer agreed on $65,000 and signed the deal. However the sales rep did not realize that he had typed the wrong price and when he gave the customer a quote, and BMW wants to get out of the deal. Can BMW terminate the deal?

a) no, because even though the sales rep made a mistake with the "BMW must inquire at the loss

b) no because the sales rep is an agent of BMW

c) yes, because the mistake was mathematical and not in bad faith

d) yes, because BMW never gave the sales rep express authority to make deals on his behalf

Stephanie is a director of a corporation with 4 other directors. She owns a building which the company is considering moving into, which would lead to her personally profiting from the transaction. If Stephanie bring a motion to move the company into the building which she owns and votes in favor of the motion, what law or duty has Stephanie violated? Negligence The fiduciary duty of loyalty The fiduciary duty of care The business judgment rule When forming a company in California, which of the following pieces of information does not need to be included in an initial filing? The physical address of the company The employer identification number The agent for service of process The number of authorized shares What is the primary distinction between an independent contractor (IC) and an employee (EE)? IC's have taxes withheld by the employer, whereas EE's have the choice to have taxes withheld IC's are ineligible for certain minimum wage and overtime benefits, whereas EE's are eligible IC's never run their own business, whereas EE's always do IC's cannot deduct business expenses, whereas EE's can make these deductions