Chuck, Betty, and Bert form CB&B Partnership to run a specialty grocery store. Bert is the day-to-day manager of the store, Betty buys the groceries, and Chuck does all the administrative work. Betty decides she would like a new car to use when calling on prospective wholesalers. She makes a contract with Big Ben Motors in the name of CB&B without consulting Chuck and Bert. CB&B and the
individual partners are:
a. bound by Betty's actual implied authority to buy a car.
b. bound by Betty's apparent authority to buy a car.
c. bound by estoppel.
d. not bound because buying a car is outside the scope of the partnership business.
d
You might also like to view...
In cases of misconduct, which of the following represent the usual stages in handling employee discipline:
a. written warning, dismissal, appeal b. verbal warning, written warning, suspension, dismissal c. verbal warning, suspension, written warning, dismissal, appeal d. verbal warning, first written warning, final written warning, dismissal
I like working with my supervisor because she lets me do things the way I think they should be done. She encourages me to be creative and unique in my approach to problems. Which of the global leadership behaviors am I using?
A. autonomous B. humane-oriented C. self-protective D. participative
Subjective probability implies that we can measure the relative frequency of the values of the random variable
Indicate whether the statement is true or false
What is the variance of Table 11-6's critical path?
A) 5.222 B) 4.364 C) 1.362 D) 5.144 E) 2.362