In Cove Management v. AFLAC, Galgano, an independent contractor who solicited insurance business for AFLAC, rented office space from Cove under AFLAC's name. When Galgano defaulted on payments, Cove sued AFLAC contending that Galgano was its agent when he rented the office, so AFLAC was liable. The appeals court held that AFLAC:
a. was not obligated to the lease because real estate deals must be in writing with the principal of the company agreeing to the lease
b. was not obligated to the lease because Galgano did not have apparent authority to sign a lease that would bind AFLAC
c. was obligated on the lease as its employee had apparent authority
d. was not obligated on the lease, but its employee who told Galgano it was ok to enter into such a lease was obligated
e. all of the other choices are correct
b
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A ____ system of production control is paced by product demand
a. EOQ b. ABC c. push d. pull
A company is planning to sell 2,000 chairs for the first quarter. Desired ending inventory is 200 chairs and beginning inventory is 300 chairs. How many chairs need to be produced during this quarter?
a. 1,900 b. 2,000 c. 2,100 d. 2,500 e. None of the answers are correct.
A ________ represents a limitation to achieving maximum profits due to limited resources
Fill in the blank with correct word.
Social networks can help connect employees who are geographically dispersed
Indicate whether the statement is true or false