Express ratification creating an agency by the principal occurs when the principal:
a. fails to object to an agent's unauthorized activities
b. by action shows a clear intent to be bound by unauthorized acts of the agent c. accepts the benefits of an unauthorized agreement with a third party
d. all of the other specific choices e. none of the other choices
b
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In order to be a recorded contingent liability, the liability must be possible and easily estimated
a. True b. False Indicate whether the statement is true or false
Which of the following would be considered an "other comprehensive income" item?
a. net income b. extraordinary loss related to flood c. gain on disposal of discontinued operations d. unrealized loss on available-for-sale securities
The ________ is a federal act which states that federal administrative agencies can maintain only information about an individual that is relevant and necessary to accomplish a legitimate agency purpose
A) Freedom of Information Act B) Privacy Act C) Government in the Sunshine Act D) Equal Access to Justice Act
The court will not allow any claim that:
a. is unenforceable against the debtor or her property. b. is for insider or attorney services in excess of the reasonable value of such services. c. may be offset against a debt owing the debtor. d. All of these.