Pedro hires Andrea to negotiate the purchase of a sailboat for Pedro. Andrea decides to buy
from Sally a sailboat meeting Pedro's specifications.
Andrea tells Sally that the purchase is really
being made by Pedro, and Andrea and Sally sign a written contract, with Andrea signing on
Pedro's behalf. Based on all this:
A) Andrea is not liable on this contract. but Pedro is liable.
B) Either Andrea or Pedro could be held liable on this contract.
C) Pedro is not liable on this contract, but Andrea is liable.
D) Neither Andrea nor Pedro can be held liable on this contract.
A
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________ questions ask about the consequences of the buyer's problems
A) Situation B) Problem C) Implication D) Need-payoff E) Solution
Identify and briefly describe four of the eight traits associated with being a successful project manager.
Fill in the blank(s) with the appropriate word(s).
A firm has a degree of financial leverage of 1.20 . If earnings before interest and tax increase by 20%, then net income:
a. will not necessarily change. b. will increase by 20%. c. will decrease by 24%. d. will decrease by 20%. e. None of the answers are correct.
Harvest Corporation's capital stock at December 31 consisted of the following: (a) Common stock, $2 par value; 100,000 shares authorized, issued, and outstanding. (b) 10% noncumulative, nonconvertible preferred stock, $100 par value; 1,000 shares authorized, issued, and outstanding. Harvest's common stock, which is listed on a major stock exchange, was quoted at $4 per share on December 31
Harvest's net income for the year ended December 31 was $50,000 . The yearly preferred dividend was declared. No capital stock transactions occurred. What was the price- earnings ratio on Harvest's common stock at December 31? a. 6 to 1 b. 8 to 1 c. 10 to 1 d. 16 to 1