Moe, an electrical contractor, authorized Larry to make contracts with new customers on his
behalf. Larry entered into a contract with Curly but did not advise Curly that he was acting on behalf of Moe.
If Moe refuses to honour the contract, which of the following statements is TRUE?
A) Curly cannot sue either Larry or Moe
B) Curly can elect to sue either Moe or Larry
C) None of the above
D) Curly can only sue Moe
E) Curly can only sue Larry
B
You might also like to view...
It is difficult to enter Japan's retail market because of:
A) its maze of importion and operational laws. B) high brand loyalty. C) its high dependence on black markets. D) low level of disposable income.
At the beginning of the year, a company's balance sheet reported the following balances: Total Assets = $225,000; Total Liabilities = $25,000; Total Paid-in capital of $100,000; and Retained earnings = $100,000. During the year, the company reported revenues of $46,000 and expenses of $30,000. In addition, dividends for the year totaled $20,000. Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be:
A. $24,000. B. $136,000. C. $116,000. D. $104,000. E. $96,000.
A manager's decision to run a quarter-page ad in the business section of the local newspaper to promote goodwill toward his company is part of an operational plan
Indicate whether the statement is true or false
Which of the following is not a pertinent question in deciding whether to expand a business internationally?
A) Can the United States' power of eminent domain be exercised in the host country? B) Is there a demand for the product in the targeted country or countries? C) Are there legal obstacles in the targeted country that should be carefully considered? D) Is managing an international business at a distance a realistic possibility for the firm?