Which of the following is generally not a duty that a principal owes to an agent?
A. Duty to compensate the agent for his or her work
B. Duty to follow the instructions of the agent
C. Duty to reimburse the agent for expenditures
D. Duty to indemnify the agent against any third-party claims
Answer: B
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As the vice president for sales of a company that manufactures and sells commercial carpet, you notice an alarming increase in the number of customers filing complaints with your company service representatives. Of particular importance is the number of complaints that involve claims in excess of $10,000. Because these large dollar amounts can lead to lawsuits being filed, you want to investigate what is causing the increase in complaints and how your company can be processing these complaints to avoid burdensome litigation.
1. What steps should you take to discover, in the most accurate and efficient manner, the reasons customers are filing complaints? 2. What is the distinction between mediation and arbitration? 3. Should your company's sales contracts include a clause that requires the parties to attempt resolution of the dispute by mediation? By arbitration? By some other mechanisms? 4. If your company's sales contracts did include a dispute resolution (other than litigation) clause, when can the courts still be used?
For an offer to have been created, the promisee's promise or performance must be the quid pro quo for the promisor's promise.?
Answer the following statement true (T) or false (F)
Which of the following groups is/are not responsible for cleanup costs of hazardous waste?
A. Innocent purchasers B. Former owners before the contamination C. Lenders who foreclose and become owners D. All of the above E. None of the above