23. SEC has the power to initiate criminal actions against individuals or companies that violate security laws.

24. A 21-year-old employee is protected from age discrimination in employment under the Federal Age Discrimination in Employment Act (ADEA),

25. "Quid pro quo" refers to the standard of proof required to show intentional discrimination in hiring based on race or color.

True false above

26. Sanchez borrowed money from Fifth National Bank to buy a car. She defaulted on the loan. Fifth National hired Rex's Recovery Service to repossess the car for a set fee. They were simply told to locate and seize the car. Rex's would be classified as a/an: A. agent/employee. B. principal. C. gratuitous agent. D. independent contractor.

27. Which of the following is Not a true statement? A. ratification applies to previously unauthorized acts B. actual authority must be expressly created and cannot be based on custom or past dealings C. apparent authority is based on what the principal communicates to the agent and not to the third party D. actual authority must always be expressed in writing.

28. Karl is a driver for Arnold's Appliance Store and delivers appliances to customers. One day, Karl negligently secures a washer and dryer in the back of his truck and while driving, the washer falls out of the truck. Jan, driving behind the truck, sees the appliance flying at her and swerves into a telephone pole. Which of the following is correct? A. Karl, but not Arnold's is liable B. Both Karl and Arnold's are liable C. Arnold's, but not Karl is liable D. no one is liable, it was an accident and there was no proximate cause