1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Leya [2.2K]
3 years ago
7

Bolt Corp. dismissed Ace as its general sales agent and notified all of Ace’s known customers by letter. Young Corp., a retail o

utlet located outside of Ace’s previously assigned sales territory, had never dealt with Ace. Young knew of Ace as a result of various business contacts. After his dismissal, Ace sold Young goods to be delivered by Bolt and received from Young a cash deposit for 20% of the purchase price. It was not unusual for an agent in Ace’s previous position to receive cash deposits. In an action by Young against Bolt on the sales contract, Young will:_______.
a. lose, because Ace lacked any express authority to make the contract.
b. lose, because Ace lacked any implied authority to make the contract.
c. win, because Bolt's notice was inadequate to terminate Ace's apparent authority.
d. win, because a principal is an insurer of an agent's acts.
Business
1 answer:
makkiz [27]3 years ago
4 0

Answer:

The correct option is C

Explanation:

Agency is a relationship between two parties whereby one party (agent) agrees to act on behalf of the other party (principal) with respect to third parties. A contract is not required but frequently present. The law of agency is concerned with the rights, duties and liabilities of the parties in an agency relationship.

You might be interested in
Which of the following types of training should employers NOT provide to their workers? (1 point)
solong [7]

Correct answer choice is:

D. Accident investigation.

Explanation:

An accident investigation is a method of concluding the source cases of accidents, on-the-job damages, resources destruction, and alike notes in classification to stop them from happening repeatedly.

When conflicts are reviewed, the importance should be focused on determining the root reason of the occurrence so you can block the event from occurring again. The goal is to find evidence that can direct to remedial activities, not to determine responsibility. Constantly look for distant causes.

6 0
3 years ago
Read 2 more answers
At the Weatherford Hotel in Flagstaff, Arizona, in Room 59, a balcony extends across thirty inches of the room’s only window, le
lesya [120]

Answer and Explanation:

The Weatherford hotel breached the duty of care as it failed to warn its guest about the unreasonable dangerous condition. Toni Lucario was a guest and it was it was the duty of the hotel to make its premises safe for her and for that the hotel has failed.

4 0
3 years ago
If the money supply is growing at a rate of 1010 percent per​ year, real GDP​ (real output) is growing at a rate of 11 percent p
Nat2105 [25]

Answer:

The correct answer is 999%

Explanation:

We will use the Quantity Theory of Money to solve this simple question.

The Quantity Theory of Money equation is equal to:

ΔM X V = ΔP X ΔY

Where:

  • ΔM = Change in Money supply
  • V = Velocity, which does not change, because it is assumed to be constant
  • ΔP = Change in prices, or inflation
  • ΔY = Change in output or GDP

According to this theory, inflation is equal to:

ΔP = ΔM + V - ΔY

Replacing...

ΔP = 1010% + 0 - 11%

ΔP = 999%

So the price change, or inflation rate is 999%.

8 0
3 years ago
Jonas had a reputation for underestimating the abilities of his employees;__________workers were often let go after it had been
almond37 [142]

Diligent workers were often fired after they were found to lack the skills necessary to fulfill job responsibilities.

<h3 /><h3>What is the relevance of performance appraisal?</h3>

It is a formal instrument used to analyze whether the employee is performing his duties as expected by the organization, that is, through certain requirements the HR department is able to analyze the employee's development, motivation and productivity at work.

Therefore, underestimating the skills of employees is not the ideal behavior for creating a positive culture, the ideal is for the company to provide feedback, training and enable the development of employees.

Find out more about performance appraisal here:

brainly.com/question/1532968

#SPJ1

4 0
2 years ago
Read 2 more answers
The principle of monetary neutrality implies that an increase in the money supply will
8090 [49]

Answer:

The correct answer is letter "B": increase the price level, but not real GDP.

Explanation:

The neutrality of money principle states that fluctuations in the money supply affect the prices of <em>goods, services, </em>and <em>wages</em> but not the growth in an economy or its real Gross Domestic Product (GDP). Austrian economist Friedrich A. Hayek (1899-1992) coined the term "<em>neutrality of money</em>" referring to a characteristic of money playing a neutral role in the growth of an economy.

Nowadays, specialists in the field believe the neutrality of money is a concept that applies in the long-run analysis of the productivity od a country.

8 0
3 years ago
Other questions:
  • a company had no office supplies available at the beginning of the year. during the year, the company purchased $370 worth of of
    8·1 answer
  • The claims of creditors against the assets are
    10·1 answer
  • Gates Corp. has net income of $172,000, sales of $ 1,453,909, and an accounts receivable balance of $127,100. Assume that 100% p
    13·1 answer
  • The following amounts are reported in the ledger of Mariah Company: Assets $ 78,000 Liabilities 41,000 Retained Earnings 9,000 W
    8·1 answer
  • What were your consideration in selecting your costumer?
    11·2 answers
  • The practical application of techniques and knowledge is called __________.
    14·1 answer
  • Adams, Inc., is a book publisher that reissues old titles. The company offers these books with either a standard machine-glued h
    7·1 answer
  • Dylan invested $7,200 in an account paying an interest rate of 2. 3% compounded quarterly. Assuming no deposits or withdrawals a
    8·1 answer
  • the three ways that government policy can solve an adverse selection problem do not include providing information directly to bu
    10·1 answer
  • A situation in which both unemployment and inflation rates are high is known as ______.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!