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Artist 52 [7]
3 years ago
14

Barnes agrees with Morgan to enter into the management of a new subdivision of residential housing. Morgan appoints Barnes as hi

s manager for the duration of the development program. During the course of the construction, Barnes decides to use funds specified for the subdivision for an office space project that Barnes alone has been interested in completing. Morgan is very angry on learning of Barnes' actions and terminates the agency. Barnes insists that the agency cannot be terminated in this manner. Is Barnes correct?
Business
2 answers:
Ratling [72]3 years ago
6 0

Answer:

Barnes is correct

Explanation:

The agency can be terminated by mutual agreement prior to giving the other party notice, since the office is part of the project means that diverting funds to a complete a part of a project before it's scheduled time does not warrant termination of agency except stated in the legal binding contract.

Georgia [21]3 years ago
4 0

Answer:

No

Explanation:

Morgan appointed Barnes to manage a new subdivision. Barnes has been permitted to transact all affairs in connection with the subdivision. Therefore, Barnes is a general agent. In some situations, either party to an agency relationship has the authority to end that relationship at any time. So, Morgan has the power to terminate the agency

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Carbondale Casting produces cast bronze valves on a 10-person assembly line. On a recent day, 160 valves were produced during an
RideAnS [48]

Answer:

(a) 2

(b) 2.25

(c) 12.5%

Explanation:

To solve this question we need to remember that

Total \, Productivity = \frac{Total\,Ouput}{Total \, Man \, Hours}

(a) 10 persons produce 160 valves in 8 hours, this implies a productivity of 2=160/(8x10)

(b) 2.25= 180/(8x10)

(c) Percentage change is given by (2.25-2)/2=.125

5 0
3 years ago
Explain the result of the violation of patent protection illustrated in the scenario below.
lesya692 [45]
<h2>Luke cannot sell the product because patent is already been issued to the similar product.</h2>

Explanation:

According to the given scenario, Luke though he is an inventor and he has created a product which is similar to already patented, Luke is not allowed to sale based on the patent rule.

Since there is a patent right obtained by someone for similar product, then what Luke is trying to do is against the Patent law.

Luke cannot prove that he already had an idea. Any law always needs a proof than a statement.

Luke may be punishable under the patent law if he tries to sell his invention.

6 0
3 years ago
A stock just paid a dividend of $4.01 and is expected to maintain a constant dividend growth rate of 4.7 percent indefinitely. I
svlad2 [7]

Answer:

11.06%

Explanation:

According to the given situation, the computation of the required return on the stock is shown below:-

Required rate of return = Current Dividend × (1 + growth) ÷ Current Price + Growth

= $4.01 × (1 + 4.7%) ÷ 66 + 4.7%

= 11.06%

Therefore for computing the required rate of return we simply applied the above formula.

4 0
2 years ago
A _____ is a document that outlines specific information about your proposed business, including product, location, and marketin
zhannawk [14.2K]

Answer:

D

Explanation:

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Which individual is responsible for ordering, preparing, and reviewing closing-related documents, such as the title policy and s
Ilia_Sergeevich [38]

The closing agent is responsible for ordering, preparing, and reviewing closing-related documents.

<h3>Who is a Closing agent?</h3>

This is a professional who deals in real estate transactions and acts a middle man between the buyer and the seller.

He ensures the transfer of the legal title is appropriately done by preparing and reviewing closing-related documents, such as the title policy and settlement statement.

Read more about Closing agent here brainly.com/question/20787805

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8 0
2 years ago
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