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olchik [2.2K]
3 years ago
6

Max has a written agency agreement with Rufus in which Max will receive all of the listings in the subdivision that Rufus purcha

sed (with Max’s representation) and is developing. One day when Rufus is visiting the site of the subdivision, a work truck accidentally runs him over and he's seriously injured. Rufus can no longer run the development of the subdivision. What happens to Max’s agency coupled with interest?
Business
1 answer:
disa [49]3 years ago
6 0

Answer: It's still in place because it doesn't terminate on the death or incompetence of the principal.

Explanation:

Agreement that exists between people are usually standing so long both parties are still alive, in most cases, the agreement may still stand with the death of one party, depending on what was written or agreed upon by both parties. The agreement between Maxwell and Rufus is still in place because it doesn't terminate on the death or incompetence of the principal.

The agreement would even stand even if one of the party ain't alive anymore.

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The net current asset investment (ncai) is defined as the change in current assets minus the change in sum of the accounts payab
-Dominant- [34]

The net current asset investment (NCAI) is defined as the change in current assets minus the change in the sum of the accounts payable and accruals. - True.

Net current assets refer to the difference between the aggregate amount of all current assets and the Aggregate amount of current liabilities. It is also known as working capital or shareholder's equity. It is regarded as an important parameter for determining an organization's financial health on a balance sheet.

The net current assets are the tangible assets which encompass cash, inventory, and receivable, which denotes the money owed to a company. There is a positive working capital ratio when the net current assets are sufficient enough to pay the current liabilities. The opposite of this situation represents a negative working capital ratio.

Learn more about current assets: brainly.com/question/10322678

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7 0
2 years ago
Legislation defining the mission of the Federal Reserve​ states: "The Board of Governors of the Federal Reserve System and the F
jeka57 [31]

Answer:

dual mandate.

Explanation:

dual mandate -

It is the practice in which the elected officials serves in more than one elected or public position .

In Britain , this term is also referred to as double jobbing .

In some cases , the dual mandate is prohibited by the law , as in the case of the federal states , because the federal office holders are not allowed to hold state office .

Hence  from the question information , the correct option is dual mandate .

5 0
3 years ago
Which action will be least helpful if you've been the victim of identity theft
NNADVOKAT [17]
The action that will be the least helpful if you've been the victim of identity theft is : Withdraw your money from all account.

You should report it to the law enforcement instead. Withdrawing all of your money from all account which make it even harder to catch the thief since you got no bait left
4 0
3 years ago
Read 2 more answers
Knowledge Check 01 On September 1, Vicario, Inc., borrows $100,000 from First National Bank at 6 percent annual interest. This n
laila [671]

Answer:

Debit cash for $100,000

Credit cash for $100,000

Explanation:

It should be noted that on September 1, the only transaction that occurred is the receipt of cash by Vicario, Inc. from First National Bank and no interest expenses has been accrued.

Based on this therefore, the journal entry for Vicario on September 1 will appear as follows:

<u>Date        Name of Accounts                  DR ($)                 CR ($)      </u>

Sept. 1     Cash                                       100,000

                    Notes payable                                               100,000

<u><em>                (To record borrowing from First National Bank.)                  </em></u>

8 0
4 years ago
In a truth table, the expression ____ is false.
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In a truth table, the expression true and true is false. A truth table is a mathematical table thar is used in logic. It is specifically connected with Boolean algebra, boolean functions, and propositional calculu. That arrange the functional values of logical expressions on each of their functional arguments. The meaning is that for each combination of values taken by their logical variables. Particularly, it can be used to demonstrate whether a propositional expression is true for all legitimate input values, that is, logically valid.
4 0
3 years ago
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