Law Society Midterm 2
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Watercraft Inc. employs Vern as a sales agent for a trial period. At the end of the period, Watercraft and Vern disagree on the amount of the commissions Vern is due for sales that he made. Vern may demand
an accounting
A short-form merger is the acquisition of control over a corporation through a purchase of stock.
false
Actual authority in an agency relationship arises from what a principal makes clear to a third party.
false
A business that believes a federal agency's action threatens the environment can use an environmental impact statement as a means to challenge it
true
A syndicate may be organized as a corporation or a partnership, or in some situations as no recognizable form of business organization.
true
