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
zysi [14]
3 years ago
15

Company A hired Nick as an agent and gave him a letter authorizing him to make purchases on behalf of the company. In a separate

email, the company explained to Nick that he could only make purchases for 100,000 or less. In other words, 100,000 was the reservation price for his negotiations. Nick proceeded to negotiate a contract with a new supplier, B, in which he purchased goods for 95,000. Nick showed B the letter of authority from the company but did not mention the 100,000 limitation that the company explained in the email.
A. Company A is bound by the contract because Nick had express authority.
B. Company A is bound by the contract because Nick had apparent authority.
C. Company A is not bound by the contract because of illegality.
D. Company A is not bound by the contract because of unconscionability.
E. Company A is not bound by the contract because of fraud.
F. None of the above.
Business
1 answer:
Marizza181 [45]3 years ago
5 0

Answer:

C. Company A is not bound by the contract because of illegality

You might be interested in
One major benefit of using the Bank Feeds feature in QuickBooks Online is that as you _________________ or __________________ tr
Alex73 [517]

Answer:

1.  Exclude

2.  Add

3.  Reconciled

Explanation:

QuickBooks Online supports Bank feeds features, which in turn allows a user to perform ADDITION or EXCLUSION of transactions online, which results in such transaction are marked RECONCILED.

Hence, one of the major benefits of using the Bank Feeds feature in QuickBooks Online is that as you EXCLUDE or ADD transactions in QuickBooks Online from the downloaded transactions from the bank, they are marked RECONCILED. This makes the end-of-period bank reconciliation more efficient.

8 0
3 years ago
A manager hires an agent to obtain a license to build a warehouse in an industrial district. The agent gets caught offering a br
Rus_ich [418]

Answer: The correct answer is D:)

6 0
3 years ago
Jorge has $300 for work he performed. he expects to spend the money in the next few weeks to buy a new bike. which type of accou
Ber [7]

The best type of account for Jorge, who has $300 for work he performed and expects to spend the money in the next few weeks to buy a new bike is checking account. A checking account is useful for money that you will be spending soon, like in Jorge's case. Checking account can be accessed using checks, automated teller machines and electronic debits.

5 0
3 years ago
Read 2 more answers
The supply of product X is perfectly inelastic if the price of X increases by _______ and, as a result of the price change, the
konstantin123 [22]

Answer:

c) 10%; stays the same. 

Explanation:

Elasticity of supply measures the degree of responsiveness of quantity supplied to changes in price.

Supply is perfectly inelastic if a change in price has no effect on quantity supplied. The quantity supplied remains unchanged despite changes in price.

I hope my answer helps you

7 0
2 years ago
In determining basic earnings per share, dividends on nonconvertible cumulative preferred stock should be:a. deducted from net i
DiKsa [7]

Answer:

b. deducted from net income whether declared or not

Explanation:

The formula to compute the basic earning per share is shown below:

Basic earning per share = (Net income - preferred stock dividend) ÷ (weighted average of outstanding shares)

In the case of the non- convertible cumulative preferred stock, the dividend should be paid whether the business earns profit or loss. If the business does not earn any profit during a particular year, in that period the dividend amount is carried forward to next year.

So, the dividend arrears are to be paid to the cumulative preferred stock.

4 0
2 years ago
Other questions:
  • All else equal and given the current system of exchange rates, if the United States enters a period of exceptionally strong grow
    13·1 answer
  • Landis Company purchased $2,000,000 of 8%, 5-year bonds from Ritter, Inc. on January 1, 2018, with interest payable on July 1 an
    10·1 answer
  • In the Solow growth model with population growth and labor-augmenting technological change, the break-even level of investment m
    6·1 answer
  • Paytonics Inc., a microchip manufacturing company, is hiring for the position of marketing manager for its new division. Patrick
    13·1 answer
  • There is a wide array of cosmetics currently available in the market. Exhibitor Labs makes a line of cosmetics including eye acc
    6·1 answer
  • Rediger Incorporated a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work
    15·1 answer
  • Sadie hires a new manager. In a couple of weeks, she receives reports that the new manager often plays favorites and does not ac
    6·1 answer
  • Assume that the company wanted to do some advertising in the states where the candidates were campaigning about the benefits of
    13·1 answer
  • Which of the following could be the price elasticity of demand for a good for which an increase in price would increase total re
    12·1 answer
  • Refer to the makeup of a firms capitalization
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!