A(n) ________ is a contract a principal and agent enter into that says the principal cannot employ another agent other than the one stated.

A. exclusive agency contract
B. implied agency contract
C. express agency contract
D. durable power of attorney


Answer: A

Business

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During earlier days, Japanese women almost never used mascara because, by nature, they have very straight, short and thin lashes. This was observed during a focus group study

Indicate whether the statement is true or false

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All of the following are benefits of leasing except:

a. They have the ability to shift the tax benefits from depreciation and other deductions from a lessee that has little or no taxable income to a lessor that has substantial taxable income. b. They provide flexibility to change capacity as needed without having to purchase or sell assets. c. They have the ability to reduce the risk of technological obsolescence, relative to outright ownership, by maintaining the flexibility to shift to technologically more advanced assets. d. In an operating lease, the lessee recognizes the signing of the lease as the simultaneous acquisition of a long-term asset and the incurring of a long-term liability for lease payments.

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The book value of a fixed asset reported on the balance sheet represents its market value on that date

Indicate whether the statement is true or false

Business

The ________ doctrine states that courts should apply the law of the state that has the closest and most real connection with the dispute

A. act of state B. vested rights C. most significant relationship D. governmental interest

Business