Final QUiz 3 Business Law

A says I will sell you 25 bikes for my standard price ( $75 each ) less a 5% discount. B emails him, and says sounds like a good deal. I will do it. Deliver them to Colorado. A emails back and says I will pay half the freight. B does not respond.

A and B will split it

Apparent authority

Authority given because of the position, title, location of the agent

Implied authority

Authority given by a principal to complete tasks necessary to fulfill the objective

There are several factors that help determine if a worker is an "employee" or an "independent contractor". Select those factors.

Control of work schedule Control of the tools or equipment used in the work Control of the dress worn during work time

Name things that must be in an Environmental Impact Statement.

Description of the project Any environmental impacts of the project. Any irreversible impacts of the project and mitigation of those impacts Any possible alternative uses for the project

A says I will sell you 25 bikes for my standard price less a 5% discount. B says sounds like a good deal. I will probably do this tomorrow. Is this a valid acceptance under the UCC?

False

Members of the Board of Directors are elected by the officers of a corporation.

False

Shareholders have a right to require that the Board of Directors pay a dividend if the Company has too much cash in the opinion of the shareholder.

False

Since the EPA was created by Congress, the Administrator of the EPA is selected by Congress and the President.

False

As a shareholder of a corporation, Susan is entitled to

Inspect corporate records Her proportionate share of company assets if a liquidation occurs vote on major corporate matters and the Board of Directors

CFPB

Laws relating to financial transactions between consumers and large companies

FCC

Laws relating to mass media, and communications such as phones and the internet

A says I will sell you 25 bikes for my standard price less a 5% discount. B says sounds like a good deal. I will do it. Deliver them to Colorado. A says I will pay half the freight. What is A doing? Don't worry about whether it should be in writing

Making a proposal to add a term to an existing contract

Name the requirements for a valid deed.

Names of both parties Signature of the grantor Description of the property Delivery of the deed to the grantee Notarization of the signature(s) on the document

Name the items that Adrian Fontes records for Maricopa County.

Property Deeds Deeds of Trust Disclaimers of interest in property

SEC

Securities Laws

When Adrian Fontes records a real estate document where Tenure Track Instructor Judd disclaims an interest in a home so that Wells Fargo Bank will make a loan, who is he notifying of that fact?

The world

A says I will sell you 25 bikes for my standard price less a 5% discount. Is this a valid offer under the UCC?

True

Congress was empowered to pass the Fair Labor Standards Act due to the Commerce Clause in the US Constitution.

True

One factor in determining if a worker is an employee is whether or not that worker offers his services to several other employers.

True

A says I will sell you 25 bikes for my standard price ( $75 each ) less a 5% discount. B says sounds like a good deal. I will do it. Deliver them to Colorado. A says I will pay half the freight. Now, worry about whether it should be in writing. Should it Answer 1Toggle editing answer text as HTMLbe?

Yes, because it is very likely over $500 in total

A says I will sell you 25 bikes for my standard price less a 5% discount. B says sounds like a good deal. I will do it. Deliver them to Colorado. Colorado freight will cost A 40% of the profit he was going to make. Is this a valid contract under the UCC? (Don't worry about whether it should be in writing.)

Yes, but A does not have to deliver them to Colorado

Duties of agent include the following

accounting loyalty obedience notification

FTC

laws relating to advertising and trade