Mel agrees to work as a freight broker for National Shipping Inc. In determining whether a contract has been formed, an element of prime importance is the parties’
A. intent.
B. character.
C. subjective beliefs.
D. motives.
Answer: A
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In the context of agency, ratification refers to:
A) Agreeing, after reaching majority, to be bound by a contract entered into as a minor. B) Agreeing to be bound to a contract entered into by an agent that exceeded the agent's authority at the time the agent entered into it. C) Reaffirming a contract that one previously agreed to. D) Getting the appropriate agency to agree to take steps to reduce an excessively large rodent population.
The minimal acceptable standard for ethical behavior is compliance with the law.
Answer the following statement true (T) or false (F)
The 2001 terrorist attacks and the Enron financial scandal caused anticipated dividend growth to ________, investors' required return on equity to ________, and stock prices to ________
A) decrease; increase; decrease B) decrease; increase; increase C) increase; decrease; decrease D) increase; decrease; increase
The necessary and proper clause allows Congress to:
a. legislate on any matter b. pass only laws necessary and proper to effectively implement the Commerce Clause c. make all laws necessary and proper to carry out its constitutional powers d. regulate all local, in-state activities e. all of the other choices