QUESTION 44 2 points Save Answer Olive, a salesperson for Precision Paving Corporation, has the authority to enter into contracts with suppliers to buy stone on Precision's betalf. Olive enters into an unauthorized contract with Joe to purchase 5 acres of Joe's land purportedly on Precision's behalf. Precision does not ratify the contract. In fact, Precision is quite angry when they learn what Olive has done, a. Precision will be liable to Olive because they should ratify and and all contracts that Olive enters into. b. Precision will be liable to Joe for failing to ratify the contract. c. Neither Preision nor Olive will be liable to Joe d. Precision will not be liable to Joe but Olive will be liable to Joe for misrepresenting her authority, QUESTION 45 2 points Save Answer Brooke, Emily and Kute formed a partnership. At the formation, Brooke contributed $6,000.00 as a capital contribution and Emily and Kate each contributed $2,000.00. If the partners never agreed up how profits and loss will be shared, under the UPA. profits and losses will be shared as follows Since Brooke contributed 60% of the capital contributions, she is cntitled to 60% of the profits and Emily and Katc are cach cntitled to 20% of the profits. a. Losses will be shured the same way b. Since Brooke contributed 60% of the capital contributions, she is entitled to 60% of the profits but losses will be share equally anyong the three partners c. Since their agreement is silenat, a court will decide how they will share profits and losses d. Brooke, Emily and Kate will share profits and losses cqually. QUESTION 46 2 points Save Answer Which of the following is NOT a ixture a. an area rug b.wall to wall carpet c. a chandelier d. a clicrowave that is built into the cabinets