An agency will be terminated in all but which one of the following situations?
a. The principal and agent agree on an agency relationship to sell a boat, and the boat is sold.
b. A travel agent files for individual bankruptcy under Chapter 13.
c. The agent violates his duty of loyalty.
d. An electrician, an agent of a contractor, has her license revoked.
b
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A dwelling with a replacement cost of $150,000 was insured under a Homeowners 3 policy for $100,000 at the time the roof was destroyed by a windstorm. The actual cash value of the loss was $9,000, but it will cost $12,000 to replace the roof
Ignoring any deductible, what will the insurer pay to settle this loss? A) $8,000 B) $9,000 C) $10,000 D) $12,000
Quasi contract is used to prevent quantum meruit from occurring
a. True b. False Indicate whether the statement is true or false
Individual 401(k) plans generally have higher contribution limits than SEP IRAs.
Answer the following statement true (T) or false (F)
Downsizing in organizations refers to the
A. decrease in product volume and variety. B. decrease in the use of organizational resources. C. transition from corporate equity to corporate debt. D. sale of less efficient operating units. E. planned elimination of positions or jobs.