An __________ occurs if a principal approves or accepts the benefits of the actions of an otherwise unauthorized agent
a. agency by ratification
b. agency by estoppel
c. agency by independent action
d. agency by intervention
a
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The following information is available for Fenton Manufacturing Company at June 30: Cash in bank account$11,455 Inventory of postage stamps$74 Money market fund balance$10,400 Petty cash balance$350 NSF checks from customers returned by bank$867 Postdated checks received from customers$791 Money orders$290 A nine-month certificate of deposit maturing on December 31 of current year$6,000 Based on this information, Fenton Manufacturing Company should report Cash and Cash Equivalents on June 30 of:
A. $22,495 B. $28,495 C. $23,286 D. $12,095 E. $29,286
While the early Greek philosophers Plato and Aristotle thought conflict a bad thing which later philosophers thought it a good thing?
a. Thomas Hobbes b. Socrates McSporran c. Karl Marx d. G. F. W. Hegel
Jewelry & Coin Company hires Kelly Ann to buy gems and precious metals from various sources on its behalf. In this relationship, Jewelry & Coin is A) an employee
B) an independent contractor. C) aprincipal. D) anagent.
Nancy was a partner of a small business. She could see that the business was beginning to fail and that it was very unlikely it would recover. Not wanting to lose her investment, she asked that the court require the partnership to dissolve since she did not have a legal right to withdraw at that time. Does a court have the authority to order a partnership to dissolve?
A. Yes. A court can dissolve a partnership when it is convinced that the partnership is unlikely to succeed. B. Yes. Under the UPA, if a partner can show the court the business suffered a loss the year before the case was filed, the court can dissolve the partnership. C. No. A court can only dissolve a partnership at the request of all the partners. D. No. A court does not have authority to dissolve the partnership.