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iogann1982 [59]
3 years ago
6

Emmett, an agent for Fridley, signs an agreement with Grover on Fridley's behalf but neglects to tell Fridley that the agreement

requires the payment of a certain tax. The government prosecutes Fridley for failing to pay the tax. Fridley is:_________.
a. liable, because notice to Emmett is notice to Fridley.
b. liable, because notice to Glover is notice to Fridley.
c. not liable, because Emmett did not notify Fridley of the tax.
d. not liable, because Glover did not tell Fridley about the tax.
Business
2 answers:
Mariulka [41]3 years ago
6 0

Answer:

Option A. Liable, because notice to Emmett is notice to Fridley.

Explanation:

The reason is that the principle is liable for the outcome of the Emmett actions in the principle's behalf. So it is clear that Fridley is liable. The agent have to work in the best interest of its principal which means that the failure to notify the additional tax liability to Fridley was part of agent's fiduciary duty. This means that the principle can sue its agent for the consequences of not placing the sufficient care to its principle.

The Fridley is also responsible because Emmett is acting as Fridley which means the notice to Emmett is actually notice to Fridley.

fomenos3 years ago
4 0

Answer:

A) liable, because notice to Emmett is notice to Fridley.

Explanation:

A principal is directly responsible for all the contracts and agreements carried out by his/her agent on his/her name. Sometimes even if no express authority exists, implied authority is sufficient for a principal to be liable for the agent's actions.

So Fridley is liable for not paying taxes, but at the same time Emmet is liable to Fridley for not telling him about the taxes that should have been paid. An agent is responsible to the principal for the actions that he/she makes on the principal's behalf.

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5 0
4 years ago
Jason is shopping for a new car. He completes new credit applications at four different dealerships. Will this affect his credit
trasher [3.6K]

Applying for a loan in each of the dealerships he visited will have negative consequences on his credit score.

The credit score is a term to refer to the score that people have toward the financial system. The credit score is a kind of business card for each person regarding their financial life.

One of the most common mistakes people make is when they make multiple credit applications when they intend to buy something because this is a bad practice for their credit score.

For example, if Jason completed credit applications in four different dealers, his score may drop because the entities that are going to lend him the money consider this activity as something negative.

In addition, people who apply for loans in different entities are generally forced to do so because they are denied the possibility of credit, that is, they have an unfavorable history to access a loan.

Learn more in: brainly.com/question/16663880

8 0
3 years ago
olsan Technologies had received a contract to produce two units of a new cruise missile guidance control. The first unit took 5,
Effectus [21]

Answer:

$1,901,385

Explanation:

First unit produced by lambda took 5,000 hours to produce and required $30,000 worth of materials and equipment usage.

The second unit took 4,500 hours and used $24,000 worth of materials and equipment usage.

learning rate = time needed to produce second unit / time needed to produce first unit = 4,500 hours / 5,000 hours = 90%

materials and equipment usage rate = $24,000 / $30,000 = 80%

using the attached table of cumulative values, we can determine the cumulative improvement factors needed to solve this question:

Olsan's accumulated cost for producing 20 more guidance controls

  • work hours = 4,500 x 14.61 (90% and 20 units) x $25 per hour = $1,643,625
  • materials and equipment = $24,000 x 10.74 (95% and 20 units) = $257,760
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5 0
3 years ago
Lateral communication provides managers at all levels with the information they need to make decisions. Is that true or false?
Bad White [126]
False. Only the managers need to know all the information to make decisions
8 0
3 years ago
Nike becomes very unpopular. What happens to demand for Reebok?
vampirchik [111]

Answer:

A. The D-curve shifts to the right

Explanation:

Nike and Reebok are supplement goods. It means customers can use either of two brands of shoes with almost equal satisfaction.  A change of preferences by customers will influence the demand for supplement goods.

If Nike becomes unpopular, the demand for Reebok will increase. Because the increase in demand is not due to price changes, the demand curve will shift to the right. A shift in the demand curve means that the quantity demanded increases at all prices.

8 0
3 years ago
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