In circumstances under which a person is held liable as a principal even though no actual agency has been created, there is a(n):
A) agency by estoppel.
B) apparent agency.
C) ostensible agency.
D) All of these.
D
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The Zingstad Corporation is considering an investment with the following data (Ignore income taxes.): Year 1 Year 2 Year 3 Year 4 Year 5 Investment$32,000 $12,000 Cash inflow$8,000 $8,000 $20,000 $16,000 $16,000 Cash inflows occur evenly throughout the year. The payback period for this investment is:
A. 4.0 years B. 3.0 years C. 3.5 years D. 4.5 years
A local pet supplies boutique had a good year with rising revenues and reduced operating costs resulting in personal income for the owner of nearly $100,000. One-third of that went to local, state, and federal income taxes and another third went to pay for a home mortgage, car payments, food, clothing, and other necessities. What is the remaining third called?
A. disposable income B. gross income C. bonus income D. discretionary income E. profit
When planning an outgoing call
a. identify the objective of the call b. select a direct or indirect approach c. gather all the information you will need for the call d. all the above
Answer the following statements true (T) or false (F)
1. Eurodollar deposits are deposits of currency that are not native to the country in which the bank is located. 2. To be truly marketable, a security must have three basic characteristics: a ready market, risk-free, and safety of principal 3. Marketable securities are short-term, interest-earning, money market instruments that can easily be converted into cash. 4. The yields on Treasury bills are generally higher than those on any other marketable securities due to their virtually risk-free nature. 5. Federal agency issues are obligations of the U.S. Treasury and are readily accepted as low-risk securities.