Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Law & Ethics Expert

problem 1: When an agency relationship is ratified, which of these is not true?

a. Acceptance by the principal may be implied by the principal’s behaviour.
b. Ratification must occur within a reasonable time after creation of the contract.
c. The principal may accept only part of the agreement.
d. All of the above are true.
 
problem 2: The term “holding out” refers to:

a. The principal having legal capacity to enter into contracts.
b. Authority that is implied by the conduct of the principal, such as paying for the goods.
c. Authority that is implied by the usual authority given to someone in that position. 
d. Conduct where the principal represents that someone has authority to act as an agent and bind him or her.
 
problem 3: In this legal form of business, a relationship exists between/among persons carrying on a business with a view of profit:

a. Sole proprietorship
b. General partnership
c. Corporation
d. Franchise
 
problem 4: What determines whether a business relationship constitutes a partnership?

a. The substance of the relationship, not the form.
b. The sharing of profits.
c. Factors such as contribution of property or labour, participation in management, and holding oneself out as a partner.
d. All of the above.
 
problem 5: Which of these is not a partnership rule implied by statute in case it is not expressly covered in the agreement?

a. A partner is entitled to be paid a salary for engaging in a partnership basis.
b. A partner is not entitled to interest on capital contributions to the partnership but is entitled to interest on loans to it.
c. Unanimous consent is required to admit a new partner.
d. All of the above are implied terms.

Business Law & Ethics, Finance

  • Category:- Business Law & Ethics
  • Reference No.:- M97142

Have any Question? 


Related Questions in Business Law & Ethics

Write a 400 to 700 word paper on the crowding effect the

Write a 400 to 700 word paper on the crowding effect the war on drugs has had on correctional organizations. Propose three workable solutions to the situation. Substantiate your solutions with appropriate facts and figur ...

1 what is white collar crime how is it different from

1. What is white collar crime? How is it different from conventional crime? How is the term "trusted criminals" relevant to white collar crime? What are the characteristics of people who commit white collar crime? What a ...

Investigating computer crimesdiscusses computer crimes and

Investigating Computer Crimes Discusses computer crimes and the challenges they present to investigators. Provide a couple of examples of computer crimes and explain how they differ from traditional crimes. Describe the ...

Assignment business ethicswatch john q new line cinema 2002

Assignment Business Ethics Watch John Q. (New Line Cinema, 2002, 112 minutes) - Answer the following questions in as much detail as possible. Include references to characters and situations in the movie as necessary. (Su ...

What is the usa patriot act when was it initially

What is the USA PATRIOT Act? When was it initially established and when was it significantly modified? What is privacy in the context of information security? What is another name for the Kennedy-Kassebaum Act (1996), an ...

What new civilian technology that is not currently being

What new civilian technology (that is not currently being widely used in law enforcement) do you think might be useful to police in the near future? What community problems would it solve or how would it further operatio ...

Pick a legal topic we are studying and area within that

Pick a legal topic we are studying and area within that topic. For example, Employment Law (topic), sexual harassment (area). [At this point, I advise you to read a (at least semi-legal) article on the area, which will h ...

Research federal state or local programs with elements that

Research federal, state, or local programs with elements that exemplify the application of each of the following sociological theories: Social structure theories Social process theories Social conflict theories Write a 7 ...

1 explain in detail the 12 characteristics of organized

1. Explain in detail the 12 characteristics of organized crime. Explain how these characteristics differentiate organized crime from other types of crime. 2. Explain two social factors that contribute to the existence of ...

Assignment landlord-tenant lawhint see chapters 29 and 30

Assignment: Landlord-Tenant Law HINT: See Chapters 29 and 30 of the text to help understand some of the legal issues covered in this assignment. Larry Landlord has recently renovated an apartment and has put it on the ma ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen