What test is used to determine whether a worker is an employee or an independent contractor?
a. The Economic Realities Test
b. The Right to Control Test
c. The Common Law Test
d. Each agency or entity having an interest in the question uses a different test
e. None of these
D
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Lisa has been a dentist in Elmville for several years. She is now ready to retire and she sells her
practice to Angie. As part of the sales agreement, Lisa agrees not to practice dentistry within 20 miles of Elmville for a period of three years. After two years, Lisa is bored so she opens up a dental practice in her home. This practice is very small and Lisa wants to keep it that way. Angie sues on the noncompete agreement. What is the most likely result? A) This agreement is not enforceable since agreements in restraint of trade are never enforceable. B) This agreement is not enforceable because it is not ancillary to an employment agreement. C) This agreement is not enforceable because it is unreasonable as to area. D) This agreement is fully enforceable. E) This agreement is not enforceable because it is unreasonable as to time.
Which of the following statements is FALSE?
A) courts will use a dictionary if the terms in a contract are unclear B) deposits are not returned if a buyer wants out of a sales contract unless it is a penalty C) actual stated terms in a contract are called express terms D) there is a duty to act in good faith when carrying out a contract E) the doctrine of fundamental breach has been expanded by the Supreme Court of Canada
Universal-variable life combines the important characteristics of both universal life and variable life
Indicate whether the statement is true or false.
A company's gross profit was $83,750 and its net sales were $347,800. Its gross margin ratio equals:
A. 24.1%. B. $264,050. C. $83,750. D. 75.9%. E. 4.2%.