When the principal is trying to avoid being bound by the acts of the agent after the agency has ended, constructive notice is sufficient for:
A. persons who never knew of existence of the agency.
B. persons who knew of the agency but had never dealt with it before termination.
C. everyone who the principal was in contract with before the termination.
D. persons who have dealt with the former agent.
Answer: B
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Identify and briefly discuss four disadvantages of a vertical integration system.
What will be an ideal response?
As related to sensitivity analysis in linear programming, when the profit increases with a unit increase in labor, this change in profit is referred to as the:
a. add-in price b. sensitivity price c. shadow price d. additional profit
Which of the following is a difference between operational-level and tactical-level decision making?
A) Operational decisions are undertaken by managers, whereas tactical decisions are made by junior executives. B) Operational decisions impact the organization and its industry, whereas tactical decisions deal with routine transactions. C) Operational decisions mostly address issues like product development and marketing plans, whereas tactical decisions address issues such as investment and hiring policies. D) Operational decisions require detailed, structured information about actual transactions by customers, whereas tactical decisions need more aggregated information to monitor success and plan next steps.
The Township of Thomasville's General Fund has the following net resources at year end: •$69,000 of prepaid insurance•$410,000 rainy day fund approved by the township governing board with specific conditions for its use•$2,500 of supplies inventory•$49,000 state grant for snow removal•$190,000 contractual obligations for the purchase of equipment •Outstanding encumbrance of $105,000 for the purchase of furniture & fixtures (assume no contractual obligation)•Total Fund Balance is $ 1,010,500What would be the total Unassigned fund balance?
A. $185,000 B. $190,000 C. $105,000 D. $410,000