Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1-Which of the following is not included among the duties of an agent? a.The agent must not go against specific instructions. b.The agent is free

1-Which of the following isnotincluded among the duties of an agent?

a.The agent must not go against specific instructions.

b.The agent is free to delegate responsibility to perform the contract.

c.The agent must perform functions set out in the contract.

d.The agent must account for funds.

e.The agent must act within the limits of the agency contract.

2-Which of the following istrueregarding contracts entered into by a sole proprietorship?

a.The contracts entitle third parties to recover losses for breach of contract only against the assets of the sole proprietorship and not the sole proprietor him or herself.

b.The contracts only bind the sole proprietorship and not the sole proprietor.

c.The contracts expose the sole proprietor's personal assets to creditors if the contract is breached.

d.The contracts operate in the same manner as if the business were operated as a corporation or partnership.

e.The contracts are only enforceable if the sole proprietor enters into the contract him or herself.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Law Express Jurisprudence

Authors: Julia Shaw

3rd Edition

1292210273, 978-1292210278

More Books

Students also viewed these Law questions

Question

2. What types of information are we collecting?

Answered: 1 week ago

Question

5. How quickly can we manage to collect the information?

Answered: 1 week ago

Question

3. Tactical/strategic information.

Answered: 1 week ago