The correct answer is the agent and principal will be jointly and severally liable on the contract.
In general, an agent is not accountable for contracts made; the principal is. However, the agent will be held culpable if he is not or only partially revealed, if the agent lacks or exceeds authorization, or if the agent entered into the transaction in a personal role.
When an agent works on behalf of the principle in interactions with a third party, a contractual relationship is formed between the main and the third party, and the agent is not personally accountable.
Therefore, the correct option is the agent and principal will be jointly and severally liable on the contract.
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Answer:
a single firm producing a product for which there are no close substitutes.
Explanation:
A pure monopoly is a single supplier having a market or industry i.e. defined. The firm should be considered as an industry also in this there is no competitor or any subsitution existed. It can be arise at the time when the market share of the one firm is more than 90%
So as per the given situation, the above represent the answer
Answer:
(1) Assessment
Explanation:
The intersection of the assessed probability and severity of a hazard in the risk management process is called 'risk assessment'
Risks are usually assessed in two broad areas namely: Probability of occurrence and Impact.
Probability of occurrence has to do with the degree of likelihood that a risk will materialize while 'impact' tries to access how much damage the risk is likely to cause, in the event that it materializes.
In summary, risk management usually views risk as a function of probability and impact.
Answer:
$172,117.5529
Explanation:
In economics and finance, present value, also known as a present discounted value, is the value of an expected income stream determined as of the date of valuation.
Total years = 3 to 9 = 6years
Present value = future cash flow/(1+i)^n
Present value = $30,000 + $30,000/(1.072)^1 + $30,000/(1.072)^2 + $30,000/(1.072)^3 + $30,000/(1.072)^4 + $30,000/(1.072)^5 + $30,000/(1.072)^6
Present value = $172,117.5529
