A disclosed principal is liable to a third party for a contract made by the agent acting within the scope of his or her authority.
Answer the following statement true (T) or false (F)
True
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Kamal places an ad in the local newspaper as follows: "$500 reward for the return of my gold ring." Mira finds the ring and returns it to Kamal, but he refuses to pay her the $500. Which of the following statements is true regarding this case?
A. Mira accepted the ad as an offer for a unilateral contract by returning the ring and hence, Kamal is bound to pay her the $500. B. As the ad was merely a solicitation of offers, there was no contract until Kamal accepted Mira's offer to find the ring. C. Mira may not recover the money because she did not contact Kamal before she began her search. D. As Mira did not pay Kamal to keep the offer open, he is free to revoke the offer and not pay her anything.
When zero-coupon bonds are issued, a company will record no interest expense until the bonds mature
Indicate whether the statement is true or false
For your evaluation project, you need to interview 6th graders. You sent out a letter to their parents, asking them to give you permission to interview their children, by returning the mail with their signature on the permission line. In this case, what type of consent are you seeking from the parents?
a. active consent b. passive consent
The ______ benefit plans allow employees to choose exactly the set of benefits that they desire, within specified monetary limitations.
A. full-choice B. less-choice C. non-choice D. rigid-choice