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]
4 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]4 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
Marketing strategy addresses a specific target market with a cohesive marketing mix of:
Viktor [21]

Answer:

A) Product, price, place, promotion

Explanation:

The 4 Ps of marketing are:

  1. product: what good or service is our company selling and what need will it satisfy.
  2. price: the actual amount that the company expects that final customers will pay for the product, if the price is too high, the sales volume can be small, but if the price is too low, the profits can b too low also
  3. place: how and where will the product be provided to the customer, e.g. physical stores, online
  4. promotion: include marketing strategies and techniques carried out to communicate the existence and the qualities of our product to potential customers, they include advertisement, sales promotions, public relations
5 0
3 years ago
When the policies of a non-profit organization and the beliefs or policies of a donor do not match or are contrasting, it leads
zaharov [31]

When the policies of a non profit organization and the beliefs or policies of a donor do not match or are contrasting, it leads to a <u>conflict</u>.

There are a variety of policies that non profit organizations must follow in order to remain operational. These policies include financial policies, fundraising policies, and policies regarding the distribution of resources for a non profit.

Non profit organizations must be careful to adhere to these policies, as any deviations could jeopardize their tax-exempt status. Additionally, non profit organizations must be transparent in their policies and procedures, as this is essential to maintaining the public's trust and support.

To know more about Organization, click here.

brainly.com/question/12825206

#SPJ4

5 0
2 years ago
What would be a barrier to a child’s mental development?
kirill [66]

Not having experiences that help them make good choices though out the rest of their lives. Also someone to guide them through times good and bad to help them make the right choices.

5 0
4 years ago
Business letter for fashin design
Ymorist [56]

Answer:Upon learning of your posting for a Fashion Designer, I felt compelled to submit my resume for your review. With my extensive experience in apparel design and development, as well as my proven commitment to producing high-quality and innovative pieces for globally recognized brands, I feel confident that I would significantly benefit your organization.

From creating initial conceptual drawings and renderings to driving optimal garment design and production, I am well prepared to continue exceeding expectations in fashion design. With my impressive achievements specifically in women’s sportswear, my additional expertise in trend analysis, supplier networking, and diverse design styles position me to thrive in this challenging and creative position with EarthComponentWear.

Highlights of my background include:

Designing and developing women’s sportswear garments over the past 10 years that have been showcased and sold in reputable apparel stores including The Gap and American Eagle.

Demonstrating expertise in draping, fabric/design boards, technical sketches, mock-ups, fittings, alterations, and production.

Earning a reputation for innovative design, a steadfast commitment to top-notch quality and conceptual integrity, and a keen attention to detail.

With my comprehensive experience in fashion design, coupled with my enthusiasm and dedication to achieving success, I believe I could swiftly surpass your expectations for this role. I look forward to discussing the position in further detail.

Explanation:

3 0
3 years ago
Decision Case F:2-1 Your friend, Dean McChesney, requested that you advise him on the effects that certain transactions will hav
Roman55 [17]

Answer:

A-Plus Travel Planners

Analysis of transactions:

A. Cash $10,000 (Increase Assets) Common Stock $10,000 (Increase Equity)

B. Office Supplies $300 (Decrease Profit) Cash $300 (Decrease Assets)

C. Advertising expense $700 (Decrease Profit) Cash $700 (Decrease Assets)

D. Salary expense $1,400 (Decrease Profit) Rent Expense $1,000 (Decrease Profit) Cash $2,400 (Decrease Assets)

E. Accounts Receivable $8,800 (Increase Assets) Service Revenue $8,800 (Increase Profit)

F. Cash $1,200 (Increase Assets) Accounts Receivable $1,200 (Decrease Assets)

Explanation:

a) Data and Calculations:

Expected net income = $6,000

Service Revenue        $8,800

Expenses:

Office Supplies $300

Advertising         700

Admin. Salary   1,400

Rent                  1,000 $3,400

Net income                $5,400

Expected profit           6,000

Required improvement $600

b) To achieve profit target of $6,000 under the current revenue profile, A-Plus Travel Planners must decrease expenses by at least $600.  Alternatively, it can increase its revenue by the same amount, while maintaining its costs at current level.

8 0
3 years ago
Other questions:
  • IBM satisfies consumers' needs for powerful, easy-to-use laptop computers by converting assorted software routines, hardware dev
    5·1 answer
  • On May 1, Marcus Corporation's retained earnings account had a credit balance of $282,000. During the month, Marcus generated re
    8·1 answer
  • What are three common factors thay make local economies different
    7·1 answer
  • Courtney recently ordered a few books online. However, she received the wrong order. She was completely dissatisfied and returne
    5·2 answers
  • When we watch a production of Hamlet, we know that the actors playing Gertrude and Hamlet will not actually die after being pois
    5·1 answer
  • National Orthopedics Co. issued 8% bonds, dated January 1, with a face amount of $550,000 on January 1, 2021. The bonds mature o
    14·1 answer
  • How does harmonization work in the single market? Economics question
    6·1 answer
  • Creating a Customer-Centered Culture test
    9·2 answers
  • Which term describes assets generated through operations that have been reinvested into the business?.
    8·1 answer
  • Write 2-3 sentences to explain how obama's foreign policy compared to bush's foreign policy.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!