Which of the following circumstances leads to the termination of an agency by impossibility of performance?
A. the loss of a required qualification
B. the bankruptcy of the principal
C. the insanity of either the principal or the agent
D. the outbreak of a war between the principal's country and the agent's country
Answer: A
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An anticipatory repudiation by one party to a contract precludes a discharge by performance by that same party
a. True b. False Indicate whether the statement is true or false
An example of a tort that is not intentional is
a. fraud. b. wrongful death. c. negligence. d. infliction of mental distress.
The table shows a series of deposits at different dates into a savings account. If the account pays 10.5% interest (compounded annually), what is their future value at year 6?
Year Cash Flow 1 $35,000 2 $7,000 3 $13,000 4 $15,000 5 $5,000 A) $109,477.35 B) $99,074.53 C) $75,000.00 D) $107,569.55 E) $97,790.50
Meredith is opening a high end shoe store specializing in designer shoes. Which approach is probably the wisest strategy for the marketing efforts of this company?
A. Unsegmented strategy since everyone wears shoes. B. Multi-segment strategy since she could concentrate on persons wanting shoes for different reasons. C. Single-segment strategy since only women with high disposable incomes would be a prospective customer. D. Bi-segment strategy since the company won't be able to sell to just one segment to survive.