B. An airline
An airline is a service organization.
The federal system is the us central bank. it is responsible for regulating banks providing banking related services for the federal government acting as the banker’s bank and setting monetary policy
Sclafani is a disclosed principal
<u>Principals are liable for contracts made by an agent when that contract was authorized by the principal.
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Explanation:
1) Who was the principal?
Sclafani is a disclosed principal
<u>Principals are liable for contracts made by an agent when that contract was authorized by the principal.
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2) Who is the agent?
<u>The office worker
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3) Who is the third party?
<u>When a third party, in this case Felix, enters into a contract with a disclosed principal, in this case Sclafani, who is liable on the contract the principal alone
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In this case Felix alleged that Sclafani authorized the officer worker to sign and fax the credit application back to Felix.
Felix likely alleged that in the event Sclafani did not give actual authority to the officer worker, the officer worker had apparent authority to contract with Felix.
Apparent authority is established when the principal leads a reasonably prudent person to justifiably believe that an agent has authority to act.
Answer:B. Amanda must advise Sean and Dianne promptly of the inaccuracy and the consequences provided by Internal Revenue Code and Regulations.
Explanation:
Sean and Dianne have probably engaged Amanda at the end of the tax year and they are to face implications of the transactions as it relates to tax matters, Amanda is to provide them with legislation in relation to the matter to educate them in future tax transactions.
