Answer:
a. the college is a constructive bailee, obligated to return the textbook to Lacy, and until it does, it is liable for harm to the property.
Explanation:
When a party comes into possession of a property not by contractual agreement, they are referred to as constructive bailee and are obligated to take care of the property till it is returned to the owner.
The bailee does not willingly take possession of the property, rather unforseen circumstances leads to them possessing it.
This is common when a person forgets his property in a place.
In the given scenario the college (Dean of Business College) became a constructive bailee when they recieved the misplaced textbook. So they are obligated to care for the textbook till it get back to Lacy or be held liable for any harm done
Depends on the quality and quantity of goods
<span>Liability for contracts formed by an agent depends on how the principal is classified and on whether the actions of the agent were authorized or unauthorized. Principals are classified as disclosed, partially disclosed or undisclosed.
A liability contract is used when someone is liable for causing bodily harm or injuries to another person. These are contracts and legally binding documents. If someone id undisclosed, they don't share all of the information. Disclosed is when the information is fully shared. Partially disclosed is when someone says they have a principle but do not disclose all of the information.
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Answer:
The affecting factors of the given context are defined below in the explanation section.
Explanation:
<u>Factors affecting fixed capital</u>:
- Capital expenditure of alternative investments is longer and therefore is considered fixed capital.
- That capital would be largely funded thru all the lengthy period financing sources, including certain equity, retained earnings, bonds, loan repayments, and so much more.
<u>Factors affecting working capital</u>:
- Costs of production, staffing costs, and operating costs also impact working capital.
- These fees are based on either the manufacturing techniques and equipment throughout the warehouse, this same competence of the employees, respectively.
Answer: See explanation
Explanation:
Collusion refers to the agreements among the sellers of a particular product to either fix or increase the price and also reduce output. The main idea behind this is to increase profits and also reduce the competitiveness in such market.
Collusion can bring about high prices for the consumers and this ultimately leads to the reduction in the consumer surplus. Also, the new firms that want to enter the market may discouraged since the collusion can be an entry barrier.
