Business, 11.10.2019 06:00 esmelopez1015

Bolt corp. dismissed ace as its general sales agent and notified all of ace's known customers by letter. young corp., a retail outlet located outside of ace's previously assigned sales territory, had never dealt with ace. young knew of ace as a result of various business contacts. after his dismissal, ace sold young goods, to be delivered by bolt, and received from young a cash deposit for 20% of the purchase price. it was not unusual for an agent in ace's previous position to receive cash deposits. in an action by young against bolt on the sales contract, young will
a. lose, because ace lacked any express authority to make the contract. b. lose, because ace lacked any implied authority to make the contract. c. win, because bolt's notice was inadequate to terminate ace's apparent authority. d. win, because a principal is an insurer of an agent's acts.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:00, krutikov686

Which is not an example of a cyclical company? a) airlines b) hotel industry c) medical d) theme parks

Answers: 1

continue

Business, 22.06.2019 02:40, shadow29916

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.

Answers: 2

continue

Business, 22.06.2019 10:50, dbhuggybearow6jng

Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?

Answers: 2

continue

Business, 22.06.2019 16:40, yoooo9313

An electronics store is running a promotion where for every video game purchased, the customer receives a coupon upon checkout to purchase a second game at a 50% discount. the coupons expire in one year. the store normally recognized a gross profit margin of 40% of the selling price on video games. how would the store account for a purchase using the discount coupon?

Answers: 3

continue

You know the right answer?

Bolt corp. dismissed ace as its general sales agent and notified all of ace's known customers by let...