blaw test 3
all of the above - ✔✔the equal dignities rule relative to agency law applies to an agent
by the conduct of the parties - ✔✔an agency relationship can be created
Yes it appears that Ron put his own interests ahead of the principal's interest -
✔✔ronald is the agent for kansas sunshine and city sand. he negotiates a deal with
kansas city promoter to have city sand play after a professional football game. The
promoter was willing to pay 250,000 for both groups to play after the game; however
ron talked her into booking just city sand for $175,000. Given his contract with City
Sand, Ron made more moneylender this arrangement. Has Ron violated his fiduiciary
duty to kansas sunshine
apparent authority - ✔✔the doctrine of estoppel would most often apply in the
situation of
Must indemnify jim for maureen's claim - ✔✔cameron, editor of the local newspaper,
assigned jim the writing of a story about pollution of a nearby stream. Although Jim
used reasonable care in gathering and checking his information, unknown to jim, the
story contained a defamatory statement about marueen. Maureen reads the story and
sues jim for libel. Cameron, who read and published the story
100%
can buy the business only with pamela's permission - ✔✔pamela hired lena to sell her
business, lena
yes, but only if she discloses the gift to Esday and Esday consents her keeping it -
✔✔janet was employed as a sales representative for Esday, inc. an appreciative
customer gave her a diamond bracelet for all her hard work on a complicated contract.
can janet keep the bracelet
since jim is a gracious agent, he will only be liable for the loss of the car if his conduct
constitutes gross negligence - ✔✔jim agreed to show Donna's car to a potential buyer.
Donna was not able to be home since she had to attend a meeting. After showing the
car, jim left the keys in it and it was stolen. Which statement is correct
all of the above are correct - ✔✔if the agent is disloyal to the principal
may be held liable on the basis of negligent hiring - ✔✔circus pizza contracted with
Art to run its birthday parties. Art's responsibilities included supervising the children
and organizing the games. Circus did not investigate Art's background, which included
a history of assaulting children. Art assaulted a 7 year old girl in the restaurant's
kitchen during a birthday party. Circus pizza:
, all of the answer choices are factors in determining if an act is "within the scope of
employment" - ✔✔factors influencing whether a servant is acting within the scope of
employment include all but which of the following
general partnership - ✔✔all the business forms listed below have limited liability
except the
cooperative - ✔✔seventy farmers in morgan county joined together to gain
advantages of purchasing seed and fertilizer in bulk and of obtaining better prices
when distributing and selling their crops. These farmers have formed a
Give prospective franchisees an offering circular at least 14 business days prior to the
signing of a contract or payment of any money - ✔✔the federal trade commission
requires franchisors to
a limited liability company - ✔✔the business form that is taxed as a partnership and
gives all owners limited liability is
a corporation to an LLC - ✔✔which of the following transactions would be considered
by the IRS to be a taxable sale of assets? Changing the form of business from:
the shares are publicly traded - ✔✔all of the following are characteristics of a closely
held corporation except
an s corp shareholder - ✔✔which of the 100%
following would not be personally liable for
the debts of the business
jill can only be liable to the amount of her investment - ✔✔jill was a limited partner in a
retail business that was sued by a customer who fell in the store. The customer
claimed the business was negligent in caring for its floors. Which statement best
describes Jill's potential liability
partnership - ✔✔harold and zack have pooled their money together to buy real estate
but have filed no formal papers to form a business. Harold,a lawyer handles all the
legal matters and zack, a real estate broker, finds buyers for the property they have
subdivided. Harold and zack are engaged in
partnership - ✔✔charles and ellen, an unmarried couple, run an ice cream store. The
business is not incorporated and they have filed no formation papers with the state.
There business is a
a closely held corporation - ✔✔daniel, his parents, and three brothers own all the
stock of their family farm corporation. this corporation which is taxed as a corporation,
is probably
the internal revenue code - ✔✔the term "s corporation" comes from
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