Ch. 35 HW Exercise
: What are the two types of authority that can be possessed by an agent? How is each created? What are the consequences to the principal when an agency is created? 1) There are two forms of authority, actual and apparent. Actual authority is either expressed or implied. Expressed authority is created by the principal’s actual words
(written or oral), whereas an agent has implied authority to do whatever is deemed reasonable. Apparent authority is when a principal’s actions and behavior leads a third party to believe the agent lacks actual authority but the third party nonetheless must rely on this appearance of socalled authority. The agent also cannot create apparent authority without the consent of the principal. The consequences of creating an agency is that the principal owes certain duties to the agent such as, compensation, reimbursement for money spent on principal’s services, and having to indemnify the agent for losses suffered in conducting business for the principal. Exercise
: What are the Reid factors and why are they important? List each of the factors, and indicate on which factor the greatest emphasis should be placed. In Reid, the Supreme Court carefully laid out twelve factors to be weighed in the work made for hire inquiry (1) the skill required; (2) the source of the instrumentalities and tools; (3) the location of the work; (4) the duration of the relationship between the parties;
(5) whether the hiring
Ch.8 Review TYPES OF SLICES (OR "CROSS-SECTIONS") When finding the volume by slicing, we end up with several different shapes of slices. Below are the common names for these slices. DISKS: Small cylinders stacked together, such as in the Lime Lab. The volume of each disk can be found with the cylinder formula V = πr2 h , where ris the radius and h is usually ∆x or ∆y . WASHERS: These are disks with holes in the middle, such as in problem 8-25. The volume of each washer can be found using V = π(R2 − r2 )h where R is…
Sophie DeGreen APUSH Ch. 4 Section Review In what ways were the lives of women and men in New England similar? In what ways were they different? Like in a lot of other parts of Europe, women and men had very different lives. They did have their similarities, such as following strict religious values, generating large families as part of the Puritan foundation, and took part in agriculture and farming. But compared to differences, there were barley any similarities because women were always looked…
Concepts and Events British imperial attempts to reassert control over its colonies and the colonial reaction to these attempts produced a new American republic, along with struggles over the new nation’s social, political, and economic identity. Ch.5, pp. 88 108, Colonial Society on the Eve of Revolution, 1700 – 1775 I. Identify and state the historical significance of the following: 1. Jonathan Edwards Johnathan Edwards, an American theologian and Congregational clergyman, whose sermons stirred the religious revival…
Big Picture 1) Difference Between A/R (Accounts Receivable) and N/R (Not Receivable) 2) Factoring 3) Bad Debt Expense 4) 2 Methods of A/c for Bad Debt 5) Debit and credit for each method 6) 2 ways of calculating A.D.A. 7) Calc. interest on N/R CH. 9 Receivables = All money claims against other entities, including people, business firms, and other organizations. (Usually a significant portion of total current assets) Accounts Receivable-Current asset paid before a year=(is the child of assets)…
EXERCISE 15-1 (15-20 minutes) (a) Jan. 10 Cash (80,000 X 6) 480,000 Common Stock (80,000 X 5) 400,000 Paid-in Capital in Excess of Par 80,000 Mar. 1 Organization Expense 35,000 Common Stock (5,000 X 5) 25,000 Paid-in Capital in Excess of Par 10,000 (Note In the past, these costs would have been charged to Organization Costs) July 1 Cash (30,000 X 8) 240,000 Common Stock (30,000 X 5) 150,000 Paid-in Capital in Excess of Par 90,000 Sept. 1 Cash (60,000…
Study Guide to accompany Canadian Business and the Law, 5th edition Chapter 15 CHAPTER 15 THE CORPORATE FORM: ORGANIZATIONAL MATTERS Objectives After studying this chapter, you should have an understanding of • a corporation as a legal person • the distinction between federal and provincial incorporation • the share structure of a corporation • the selection of a corporation’s name • how a corporation is created • how the corporation is financed • how securities are regulated Learning Outcomes…
be unethical because the memories are doing them harm, and it would maximize both of their happiness to erase the reminiscences of the relationship all together (Sandel Ch. 2). A Libertarian would argue that it isn’t unethical because it is their bodies and therefor no matter what it is their choice and their choice alone (Sandel Ch. 3). The ethical issue with this is that people might think irrationally when they’re suffering, but could end up regret making this decision like we see while Joel is…
American Exceptionalism Although I agree with some aspects of American exceptionalism, I disagree with more. I think of American exceptionalism as more of an idea than a reality. Some people think that our country is superior to all, and that is their opinion. I do not agree with this though because all the evidence points against it. Even though our country has had many successes and feats throughout history, we struggle just like any other country. Instead of recognizing our faults, we focus on…
1. Equal Employment Opportunity Commission is the federal agency that provides explicit guides and resources detailing appropriate behavior in the workplace, as well as offering legal direction and parameters for both employees and employers. 2. Researchers Marianne Bertrand and Sendhil Millainathan answered help-wanted ads in Boston and Chicago newspapers and ascertained that discrimination against _______ exists. Names 3. "Bully Broads" is a corporate coaching program designed to help: women…
Preston Burkeen Accounting 4th Vocab Ch. 5 5.1 1. Code of Conduct- A statement that guides the ethical behaviors of a company and its employees 2. Checking Account- A bank account which payments can be ordered by a depositor 3. Endorsement- A signature or stamp on the back of a check transferring ownership 4. Blank Endorsement- An endorsement consisting only of the endorser’s signature 5. Special Endorsement- An endorsement indicating a new owner of a check 6. Restrictive Endorsement- An…
