Question: Rick is thinking about getting into a contract with Negan Inc. He was talking to Glenn (Negan Inc.'s Vice President) who offered him very favorable

Rick is thinking about getting into a contract with Negan Inc. He was talking to Glenn (Negan Inc.'s Vice President) who offered him very favorable contract terms. Rick is unsure as to whether he can rely on what Glenn is telling him, but Maggie (his lawyer) said that there should be no problem because a person may rely on the acts of the officers of a corporation without inquiry by virtue of... the indoor management rule. the doctrine of constructive notice. the doctrine of ultra vires. the doctrine of promissory estoppel

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Maxine, an accountant annoyed with her employer for telling her that her work was substandard, created a computer virus that would erase key accounting data if Maxine's name was removed from the...

In the contract of sale of Jones' house to Greenwood, no particular method of payment was specified. Greenwood's lawyer has heard rumours that Jones got a much better offer after he signed the deal...

Saved Maxine, an accountant annoyed with her employer for telling her that her work was substandard, created a computer virus that would erase key accounting data if Maxine's name was removed from...

Subject-Business Law for Accountants Jack, a 17 year old, drops in at a Great Buy store to purchase an Xbox on an installment payment plan. A week later, Jack, after playing games on a new Nintendo,...

Question 12 (1 point) On a cold winter's night, Diana's home furnace broke down. Her pipes froze and burst. Her basement was flooded. Panicked, Diana called Steve (from Trevor's Plumbing) to...

Rick is thinking about getting into a contract with Negan Inc. He was talking to Glenn (Negan Inc.s Vice President) who offered him very favorable contract terms. Rick is unsure as to whether he can...

Tod is thinking about getting into a contract with Equity Inc. He was talking to Gord, (Equity Inc.'s Vice President) who offered him very favorable contract terms. Tod is unsure as to whether he can...

N 2 Give the major product of given chemical reuction. 1) ho 2) H20

With which one of the following elements silicon should be doped so as to give ptype of semiconductor? (a) Germanium (b) Arsenic (c) Selenium (d) Boron

The following are selected account balances from Penske Company and Stanza Corporation as of December 3 1 , 2 0 2 4 : Nete: Parentheses indicate a credit balance. On January 1 , 2 0 2 4 , Penske...

Consider the following information: State Probability Stock A Stock B Stock C Boom 0.65 0.09 0.04 0.03 Bust 0.35 -0.15 0.22 -0.03 What is the expected return on an equally weighted portfolio of these...

3. Behavior. Ask whether the trainees on-the-job behavior changed because of the training program. For example, are employees in the stores complaint department more courteous toward disgruntled...

Choose a well- known organisation (e. g. a retail company or a business with a high media profile) and collect as much information as you can about it: artefacts such as products; communications...

Choose one of the descriptive models (e. g. Harrison or Deal and Kennedy) and use it to analyse the culture of your organisation. 1 What are the main strengths and weaknesses of your organisational...