Berth Ness signed a promissory note for the purchase of real estate in Arizona. Only his name appeared on the note. Berth had acted as an agent for several corporations and Louise Ness in the past. Upon default, the payee of the note brought suit to
collect from the corporations and Louise. They claim Berth was not acting as their agent in the transaction and they are, therefore, not liable. Who is correct?
Students should discuss the issues of actual and apparent authority. Did the payee know of any constraints on Ness? Would they assume Ness was acting for them? Ness v. Greater Arizona Realty, Inc., 517 P.2d 1278 (Az. 1974).
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With respect to estimated tax payments for a taxpayer with AGI of $150,000 or lower in the prior year, all of the following are generally true with the exception of
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ISO stands for ________
a. Innovative Organization for Standards b. International Operational Standards c. International Organization for Standards d. International Organization for Supplies