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24 matches Prompt active

Results for “Apparent Authority”

24 catalog matches
Question Business Associations | Agency and Partnerships | MULTIPLE_CHOICE Medium

A manager signed a supply agreement after receiving mixed instructions from the owner. One side relies on notice and...

...rom assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable reliance, sc...

Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01

Question Business Associations | Agency and Partnerships | MULTIPLE_CHOICE Medium

A manager signed a supply agreement after receiving mixed instructions from the owner. The facts are close, and both...

...rom assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable reliance, sc...

Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01

Question Business Associations | General Partnerships | MULTIPLE_CHOICE Hard

A partner withdrew from a general partnership. The partnership removed the partner from internal records but did not...

...but important rule that dissociation does not instantly eliminate all apparent authority as to third parties who reasonably lack notice. Uniform Partnership Act and Revised Uniform Partnership Act principles

Citations: Uniform Partnership Act and Revised Uniform Partnership Act principles

Question Business Associations | Directors and Officers | MULTIPLE_CHOICE Medium

A corporation's president regularly signs routine customer contracts. Without a board vote, the president signs an ag...

...ration's only factory. Which statement best describes the president's apparent authority? The best answer uses scope and reasonableness rather than an absolute rule based on title. Agency principles applied to corporate...

Citations: Agency principles applied to corporate officers

Question Business Associations | Agency and Partnerships | MULTIPLE_CHOICE Hard

A manager signed a supply agreement after receiving mixed instructions from the owner. A party invokes an equitable o...

...rom assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable reliance, sc...

Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01

Question Business Associations | Agency and Partnerships | MULTIPLE_CHOICE Medium

A manager signed a supply agreement after receiving mixed instructions from the owner. Another actor changed position...

...rom assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable reliance, sc...

Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01

Question Business Associations | Agency and Partnerships | MULTIPLE_CHOICE Medium

A manager signed a supply agreement after receiving mixed instructions from the owner. One argument was preserved, wh...

...rom assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable reliance, sc...

Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01

Question Business Associations | Agency and Partnerships | MULTIPLE_CHOICE Medium

A manager signed a supply agreement after receiving mixed instructions from the owner. The decision maker must choose...

...rom assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable reliance, sc...

Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01

Question Business Associations | Agency and Partnerships | MULTIPLE_CHOICE Hard

A manager signed a supply agreement after receiving mixed instructions from the owner. The disputed action was partly...

...rom assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable reliance, sc...

Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01

Question Business Associations | Agency and Partnerships | MULTIPLE_CHOICE Hard

A manager signed a supply agreement after receiving mixed instructions from the owner. The facts support the doctrine...

...rom assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable reliance, sc...

Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01

Question Business Associations | Agency and Partnerships | MULTIPLE_CHOICE Medium

A manager signed a supply agreement after receiving mixed instructions from the owner. The moving party has the burde...

...rom assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable reliance, sc...

Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01

Question Business Associations | Agency and Partnerships | MULTIPLE_CHOICE Medium

A manager signed a supply agreement after receiving mixed instructions from the owner. The record contains both writt...

...rom assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable reliance, sc...

Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01

Question Business Associations | Agency | ESSAY Hard

Atlas Robotics employed Dev as purchasing manager. For two years, Dev placed monthly parts orders with Metro Componen...

...ay. Is Atlas liable to Metro for the order? Discuss actual authority, apparent authority, and any claim Atlas may have against Dev. This essay tests a frequent agency trap: termination ends actual authority but may not e...

Citations: Restatement (Third) of Agency sections 3.06, 3.11

Question Business Associations | Agency | ESSAY Hard

Roast & Rail LLC owned a small coffee shop. Its owner, Nina, hired Maya as general manager for a new location. Nina t...

...bound to BeanWorks on the roaster contract? Discuss actual authority, apparent authority, and ratification. (b) If Roast & Rail is bound, what claim, if any, may Nina or the company have against Maya? This essay tests th...

Citations: Restatement (Third) of Agency sections 2.01, 2.03, 4.01

Question Business Associations | Agency | MULTIPLE_CHOICE Medium

A restaurant employee, without authority, ordered $12,000 of specialty wine in the restaurant owner's name. The next...

A restaurant employee, without authority, ordered $12,000 of specialty wine in the restaurant owner's name. The next day, the owner learned the price, quantity, and supplier. He told the employee, "You had no right to do...

Citations: Restatement (Third) of Agency section 4.01

Question Criminal Law and Procedure | Theft and Property Crimes | MULTIPLE_CHOICE Medium

A nonprofit treasurer had authority to hold donation checks in the nonprofit's bank account and pay approved expenses...

A nonprofit treasurer had authority to hold donation checks in the nonprofit's bank account and pay approved expenses. The treasurer transferred $6,000 of donation money to his personal account and used it for a vacation...

Citations: NCBE NextGen UBE Content Scope, Criminal Law, Model Penal Code 223.8

Question Constitutional Law | Tenth Amendment and Anti-Commandeering | MULTIPLE_CHOICE Medium

A federal wage statute requires employers engaged in interstate commerce to pay overtime after 40 hours per week. The...

...bus companies and to state-owned transit authorities. A state transit authority argues that public transportation is a traditional state function and that the Tenth Amendment exempts it from the overtime rule. Which stat...

Citations: U.S. Const. amend. X, Garcia v. San Antonio Metropolitan Transit Authority

Question Business Associations | LLC Basics | ESSAY Medium

Granite Trail LLC operates a bicycle-repair shop. Its operating agreement states that the LLC is member-managed and t...

...ent. The filed public record does not mention management structure or authority limits. Member Nora bought $18,000 of repair tools from Supplier after telling Supplier that the tools were for the shop. Member Eli objecte...

Citations: Revised Uniform Limited Liability Company Act principles, Agency principles for entity authority

Question Business Associations | Corporations Formation and Authority | MULTIPLE_CHOICE Easy

A newly incorporated business has shareholders, a board of directors, officers, employees, creditors, and customers....

...ees, creditors, and customers. A student asks who generally has legal authority to manage or direct the corporation's business and affairs. Which statement is most accurate? This is the core governance rule behind author...

Citations: Model Business Corporation Act principles

Question Business Associations | Corporations Formation and Authority | MULTIPLE_CHOICE Medium

A corporation owns one factory and all of its manufacturing equipment. Its president signs a contract to sell the fac...

A corporation owns one factory and all of its manufacturing equipment. Its president signs a contract to sell the factory, equipment, customer list, and trade name to a competitor. The sale is outside the ordinary cou...

Citations: Model Business Corporation Act principles