Bus Law 250 Final Exam flashcards | Quizlet

Bus Law 250 Final Exam flashcards | Quizlet - Bus Law 250...

  • Test Prep
  • hannie
  • 27
  • 100% (8) 8 out of 8 people found this document helpful

Info icon This preview shows pages 1–3. Sign up to view the full content.

Ready to study? Start with Flashcards Bus Law 250 Final Exam 186 terms by ecmontez A partially disclosed principal is also known as: an unidentified principal. Tad, the manager of an apartment complex, rented an apartment to Dominique. A few weeks later, Dominique complained that the hot water did not work. Tad hired Hometown Plumbers to fix the hot water, but the job was not successful. A few days later Dominique moved out since she had no hot water. She sued the landlord and Tad for breach of contract. Which of the following statements is correct? The landlord is liable, but not Tad. Grant, the production manager at Grisday, was told by his supervisor to hire Darrell, a 15- year-old, to operate an industrial machine. Hiring the 15-year-old violates the child labor laws. Grant: should not hire Darrell. Grant has a duty to obey Grisday's instructions only if they are legal and ethical. Jerry agreed to show Jackie's car to a potential buyer. Jackie was not able to be home since she had to attend a meeting. After showing the car, Jerry left the keys in it and the car was stolen. Which statement is correct? Since Jerry is a gratuitous agent, he will only be liable for the loss of the car if his conduct constitutes gross negligence. Bus Law 250 Final Exam flashcards | Quizlet 1 of 27 1/2/15 2:54 AM
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Katie borrowed $2,500 from Lauren. They agreed that Lauren could take a grouping of Katie's antiques as collateral. If Katie could not pay, then Lauren could sell the antiques to recover her money. When Katie could not pay off the loan, Lauren sold the antiques and paid Katie the proceeds after deducting the balance of the loan. Which of the following statements is correct? A. This is an irrevocable agency relationship. b. All these answers. c. Katie has neither the power nor the right to terminate the relationship. d. This is a power coupled with an interest. Express authority can be created by: A. words spoken directly to the agent. b. All these answers. c. written words given to one person to give to another person, the agent. d. conduct. D2D Accounting hired Coco, a CPA, to prepare tax returns. Which statement is correct? Coco, as a CPA, is an agent with special skills. She is held to a higher duty than ordinary negligence. Katie borrowed $2,500 from Lauren. They agreed that Lauren could take a grouping of Katie's antiques as collateral. If Katie could not pay, then Lauren could sell the antiques to recover her money. When Katie could not pay off the loan, Lauren sold the antiques and paid Katie the proceeds after deducting the balance of the loan. Which of the following statements is correct? Only Lauren can terminate the relationship. Chiao has agreed to install a new shower in the bathroom of Tiffany's house for $1,000. Chiao is: an independent contractor.
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern