Apparent authority and agency by estoppel are the same thing
Indicate whether the statement is true or false
True
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On July 1, 2017, James Company purchased Timothy Company's six-year 9% bonds with a face value of $200,000 for $196,000, which included $6,000 of accrued interest. The bonds, which mature on March 1, 2023, are to be held-to-maturity and pay interest semiannually on March 1 and September 1. James uses the straight-line method of amortization. The amount of income James should report for the
calendar year 2017 as a result of this investment would be A) $8,823.52. B) $9,882.36. C) $9,529.40. D) $8,117.64.
Insurance companies use _____ to detect fraudulent claims both from the insured party and from health-care providers.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements is true of justifiable reliance?
A. Misrepresentation of public facts amounts to justifiable reliance. B. There should not be any causal connection between a misrepresentation and the complaining party's entry into the contract. C. It cannot lead to rescission of a contract if the complaining party was aware of the truth. D. It is an important element of unilateral mistakes.
What function of the law is being served when passing laws that protect the U.S. government from the risk of being forcefully overthrown?
A) maintaining the status quo B) shaping moral standards C) facilitating orderly change D) promoting social justice