Homework Answers
False, because corporation law considers a copany as an individual entity seperate from its owners or shareholders while principal-agent law is that a person can take decision in his interest which may or may not align with the owner’s or shareholders’ goals
A principal is not liable to a third party for any contract made by the agent...
A principal is not liable to a third party for any contract made by the agent acting outside the scope of his or her authority. True False The purpose of antitrust law is to prevent competition. True False
QUESTION 23 An agent must obey all instructions of the principal. True False QUESTION 24 Close...
QUESTION 23 An agent must obey all instructions of the principal. True False QUESTION 24 Close corporations have all of the following features EXCEPT a. the corporation can typically operate without a board of directors Ob minority shareholders are provided more protection than in regular corporations. C the shares are publicly traded. d the shareholders usually restrict share transfer. Click Save and Submit to save and submit. Click Save All Ansusere ta eve all anevu
Determine whether the following statement is True or False. The principle-agent relationship exists when one party...
Determine whether the following statement is True or False. The principle-agent relationship exists when one party (the principal) would like another party (the agent) to act in some way, or have some attribute that is in the interest of the principal, and that cannot be enforced or guaranteed in a binding contract.
DESCRIBE THE NATURE OF THE PRINCIPAL-AGENT RELATIONSHIP BETWEEN THE OWNERS AND MANAGERS OF A CORPORATION, AND...
DESCRIBE THE NATURE OF THE PRINCIPAL-AGENT RELATIONSHIP BETWEEN THE OWNERS AND MANAGERS OF A CORPORATION, AND EXPLAIN HOW VARIOUS CORPORATE GOVERNANCE MECHANISM ATTEMPT TO MANAGE AGENCY PROBLEMS
An agent is always liable for a contract he or she enters into on behalf of...
An agent is always liable for a contract he or she enters into on behalf of an undisclosed principal. TRUE OR FALSE Trent was retained, in writing, to act as Post's agent for the sale of Post's memorabilia collection. To be Post's agent, Trent must be at least 18 years of age. TRUE OR FALSE A court will most likely pierce the corporate veil and hold a shareholder personally liable if the corporation has failed to elect S corporation status...
Enlightened self-interest is always a substitute for government regulation. True False Unethical conduct and the law...
Enlightened self-interest is always a substitute for government regulation. True False Unethical conduct and the law are interrelated. True False When there is a lawsuit between citizens of tow different states, the federal court system may hear the case using (3 Points): Federal question jurisdiction Citizenship jurisdiction The Erie doctrine Diversity jurisdiction The highest authority for a question of state law is The court of original jurisdiction The state’s Supreme Court The United States Supreme Court The United States District...
True or False: When reorganization plans are created, creditors prefer an extension because they expect to...
True or False: When reorganization plans are created, creditors prefer an extension because they expect to receive full payment eventually.
True or False: When reorganization plans are created, creditors prefer an extension because they expect to...
True or False: When reorganization plans are created, creditors prefer an extension because they expect to receive full payment eventually.
an agency contract may be created by oral appointment of an agent. true or false
an agency contract may be created by oral appointment of an agent. true or false
Business Law II Ch. 34 - Liability to Third Parties Professor Shane J. Egan Name Date...
Business Law II Ch. 34 - Liability to Third Parties Professor Shane J. Egan Name Date I. A is a specific form of express authority, usually in writing, granting an agent specific powers. 2. A grants the agent express authority over specifically outlined acts. allows 3. A the agent to conduct all business for the principal. 4. (True/False) Powers of attorney always terminate on the principal's death. 5. The principal must be classified as either: 6. This term is given...
QUESTION 23 An agent must obey all instructions of the principal. True False QUESTION 24 Close corporations have all of the following features EXCEPT a. the corporation can typically operate without a board of directors Ob minority shareholders are provided more protection than in regular corporations. C the shares are publicly traded. d the shareholders usually restrict share transfer. Click Save and Submit to save and submit. Click Save All Ansusere ta eve all anevu
DESCRIBE THE NATURE OF THE PRINCIPAL-AGENT RELATIONSHIP BETWEEN THE OWNERS AND MANAGERS OF A CORPORATION, AND EXPLAIN HOW VARIOUS CORPORATE GOVERNANCE MECHANISM ATTEMPT TO MANAGE AGENCY PROBLEMS
An agent is always liable for a contract he or she enters into on behalf of an undisclosed principal. TRUE OR FALSE Trent was retained, in writing, to act as Post's agent for the sale of Post's memorabilia collection. To be Post's agent, Trent must be at least 18 years of age. TRUE OR FALSE A court will most likely pierce the corporate veil and hold a shareholder personally liable if the corporation has failed to elect S corporation status...
Business Law II Ch. 34 - Liability to Third Parties Professor Shane J. Egan Name Date I. A is a specific form of express authority, usually in writing, granting an agent specific powers. 2. A grants the agent express authority over specifically outlined acts. allows 3. A the agent to conduct all business for the principal. 4. (True/False) Powers of attorney always terminate on the principal's death. 5. The principal must be classified as either: 6. This term is given...
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