The power of an agent to do whatever is reasonable and customary to carry out the agency purpose is given by:
a. express authority b. implied authority c. quasi authority
d. false authority e. verbal authority
b
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The chief financial officer usually has direct supervision of the treasurer and ______________________________
Fill in the blank(s) with correct word
In a case in which a buyer purchases goods from a thief who has stolen them, the purchaser does not acquire title to the goods
Indicate whether the statement is true or false
A reference price might be considered deceptive if
A. the internal reference point is different from the external reference point. B. it reflects actual manufacturing costs plus 50 percent. C. the reference price has been inflated or is fictitious. D. the reference price has changed more than once in the past 12 months. E. the reference price is more than two times the cost of the item.
Which statement made by a salesperson as an inducement for selling a power lawnmower to Bartkovich could most likely become the basis of a successful lawsuit for fraud if the statement proved to be false?
a. "This lawnmower is a real bargain." b. "This lawnmower will outperform any other lawnmower on the market." c. "This lawnmower is one of the finest on the market today." d. "Using this mower you can mow an acre of lawn with less than a gallon of gasoline."