Question
1. An agent does not have the power to effect the legal liability of a principal because the agent is merely the principal's representative. True
1. An agent does not have the power to effect the legal liability of a principal because the agent is merely the principal's representative.
True or False
2. An agent that commits a tort outside his/her scope of employment is solely liable for the tort.
True or False
3. Agency by Estoppel prevents one who has committed a crime from acting as an agent.
True or False
4. All partners regardless of their contribution to the firm have an equal voice in firm management, and decisions are by majority vote unless otherwise agreed.
True or False
5. If a sole proprietor dies, the sole proprietorship terminates even though the sole proporietor's heirs have acquired ownership of the business.
True or False
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started