Julius, a collector and seller of Egyptian relics, hired Brutus to act as his sales agent. Julius later discovered that Brutus, along with others was embezzling his funds. Julius confronted Brutus and said "You too Brutus? Then you are fired". Anthony, a customer who had dealt with Brutus as Julius' agent before, was not aware that Brutus had been fired. Brutus came to Anthony, and claiming to be acting as Julius' agent sold Anthony an Egyptian relic, accepting full payment of $100,000 in cash and promising to deliver the relic in two weeks. Brutus then disappeared, and now Anthony is demanding that Julius honor the contract because Brutus was his agent. In this situation:
A. Julius is bound on this contract because Brutus had implied authority.
B. Julius is bound on this contract because Brutus had apparent authority.
C. Julius is bound on this contract because Brutus had express authority.
D. Julius is bound on this contract because Brutus had direct authority.

Answers

Answer 1

Answer: Julius is bound on this contract because Brutus had apparent authority

Explanation:

Based on the scenario and the information given, Julius is bound on this contract because Brutus had apparent authority.

Apparent authority simply refers to a scenario whereby means a principal in this case Julius is bound by the action of the agent that is, Brutus even though Brutus had no authority. Here, Anthony believed that Brutus had an authority to act not knowing that he had been fired.


Related Questions

Define general banking services offered by financial institutions

Answers

The services most often provided include a variety of checking accounts, saving accounts, certificates of deposit, and loans, including car loans and home mortgages. Additional services may include safe deposit boxes and investment-related services.

What's a curling iron?

Answers

Answer:

A curling iron is a tool that is used on hair to create a tight or loose curl.

1. Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. A. Supplies actual count at year end, $6,500 B. Remaining unexpired insurance, $6,000 C. Remaining unearned service revenue, $1,200 D. Salaries owed to employees, $2,400 E. Depreciation on property plant and equipment, $18,000

Answers

Answer and Explanation:

The adjusting entries are shown below"

A. Supplies Expense $1,000 ($7,500 - $6,500)

          To Supplies  $1,000

(Being the Supplies Expense is adjusted)  

B. Insurance Expense $18,000 ($24,000 - $6,000)

      To Prepaid Insurance  $18,000

(Being  Insurance Expense is adjusted)  

C. Unearned Service Revenue $1,800 ($3,000 - $1,200)

        To Service Revenue  $1,800

(Being Service Revenue is adjusted)  

D. Salaries Expense $2,400  

          To Salaries Payable  $2,400

(being Salaries Expense is adjusted)  

E. Depreciation Expense $18,000  

       To Accumulated Depreciation-  Property Plant and Equipment  $18,000

(Being Depreciation Expense is adjusted)  

William is a 38-year-old computer systems executive. He has come to a point in his life where he is reassessing his ambitions and personal life. He attends professional development conferences regularly and is working on an MBA. Although he eats a low-fat diet and exercises regularly, he works 70-80 hours a week, seldom sees his children except after they are in bed, does not visit his place of worship except on religious holidays, and feels as though his wife is a stranger. William believes that if he can earn just 20 percent more, he can relax because his family will be financially secure.
Refer to Case 17.1. In order to attain a "right livelihood," William needs to
A. get promoted so he can delegate more of his work.
B. lose weight and get in better shape.
C. de-emphasize the spiritual side of his life.
D. make a conscious choice to do so.

Answers

Answer: D. make a conscious choice to do so

Explanation:

Based on the information given, in order to attain a "right livelihood," William needs to make a conscious choice to do so.

Option A is wrong as getting promoted so he can delegate more of his work doesn't guarantee him that he'll relax more and enjoy right livelihood. When he's promoted, he'll have more work and this means that there'll be more responsibility. This will hinder him from enjoying right livelihood.

Option B and C are wrong as well as losing weight and getting in better shape and also de-emphasize the spiritual side of his life doesn't make one enjoy right livelihood.

Option D is the correct answer as he should make a conscious choice to attain the right livelihood and have enough rest that he desires.

The producers of Power Drink promote their drink over Energy Plus Drink in their advertisements. This type of advertisement is referred to as​

Answers

Answer: Competitive advertising

Explanation:

The advertisement above is referred to as a competitive advertisement. Competitive advertising is referred to as a form of advertising whereby a particular business shows that it's superior thdn others who produce identical products.

The producers of Power Drink promoting their drink over Energy Plus Drink in their advertisements is competitive advertising. This is done to influence the choice made by a market and also generate more revenue.

How do objectives make it more likely that you will reach your goals?
.A.Objectives are based on others' experiences.
.B.Objectives provide a step-by-step path to success.
.C.Objectives are the best way to assess your interests.
.D.Objectives help guide your career choices.

Answers

Answer:B.Objectives provide a step-by-step path to success.

Explanation:

Suppose the civilian noninstitutionalized working-age population is 35.9 million in in a hypothetical economy. Of these, 4.6 million are working part-time and 15.71 million are working full-time. Assume the Bureau of Labor Statistics (BLS) definitions are used for calculating unemployment data. Among those not working, the most recent job-search activity for 3.20 million happened less than two weeks ago, while 1.72 million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for work five weeks ago, and the remaining 9.81 million who do not have jobs have not looked for work in the past six weeks. Round your answers to two decimal places. What is the size of the total labor force

Answers

Answer:

the size of the total labor force is 26.09 million

Explanation:

The computation of the size of the total labor force is shown below:

The Size of the Total labor force is

= Employed + unemployed

= 4.6 million + 15.71 million + 3.20 million + 1.72 million + 0.86 million

= 26.09 million

Hence, the size of the total labor force is 26.09 million

We simply added the employed and unemployed one

Brecken wishes to certify financial statements that materially depart from GAAP. She believes that it is necessary to do so in order to prevent the statements from being misleading in light of a new federal statute, which GAAP has not been amended to accommodate. In order to implement this departure, Brecken should do which of the following:
A. Describe the departure from GAAP.
B. Describe the departure's approximate effects.
C. State the reasons why compliance with GAAP would mislead.
D. All three choices provided.

Answers

Answer: D. All three choices provided.

Explanation:

Based on the information given in the question, in order to implement this departure, Brecken should:

• Describe the departure from GAAP.

• Describe the departure's approximate effects.

• State the reasons why compliance with GAAP would mislead.

Therefore, all the choices are correct.

what are factors affect demand for labour​

Answers

The factors that effect demand for labour are:

The quantity of a produt that labor produces

A change in the production process that uses more or less labor

A change in goverment policy that effects the quantity of labor

employees rarely arrive and leave exactly on the quarter hour so it would make sense to round employee arrival times to the nearest quarter hour?
A. False
B. True
Please be right

Answers

false !!!!!!!!!!!!!!!!!
it is false for sure

What is the minimum and maximum number of partners that can form a general partnership? A. 1, 10 b. 3,30 c. 4, 40 d. 2, 20

Answers

Answer:

d. 2, 20

Explanation:

A general partnership is an agreement between two or more persons towards the establishment of a business together and running the business. The least or minimum number of persons that can form this type of partnership is two and the maximum number is 20. All the persons involved share the same financial obligations, profits and liabilities

Today is July 15, 2020 and you want to invest in a company’s stock. The current price is $8.00/share. The 52-week high was on August 15 at $10. The 52-week low was on February 15 at $2. Based just on this information, do you think you should buy stocks? Thoroughly explain how you came to this decision.

Rubric to grade by:

Student makes a choice on whether or not to invest in the company: 4 points
Student explains their choice, referencing the dates and a rationale for their choice: 20 points
Spelling/grammar: 1 point

Answers

Answer:

678

Explanation:

Can someone PLEASE PLEASE HELP ME WITH THIS!!!!!

Answers

Answer:

1. Consumer.

2. Producer.

3. Transportation.

4. Marketing.

5. Harvesting.

6. Processing.

7. Retail/food service.

Explanation:

Food supply continuum can be defined as a cycle of how livestock (animal products) moves from the producer to the consumers. The main goal of the food supply continuum is to safely provide quality animal products to the consumers.

Basically, the seven (7) steps or segments in the food supply continuum include the following;

1. The segment which is responsible for safe handling of the animal product (beef, pork, lamb) in their homes is the consumer.

2. The producer is responsible for raising a healthy animal.

3. The segment which carries the animal from the farm to the market is transportation.

4. The segment which sells the animal to the packer is marketing.

5. The segment which harvests the animal is harvesting. It involves the slaughtering of the animal.

6. The segment which processes the carcasses into retail cuts is processing.

7. The segment which involves a negotiator is the retail/food service.

Please post detailed answers to the following questions. Please use complete sentences.Information and communication technologies are developing at a very fast rate. How have these technologies affected globalization? Do you think globalization will continue until we live in a “global village”?

Answers

Explanation:

Technologies affected globalization in the sense that they facilitated integration between peoples, which expanded social and economic interaction between countries. The internet and the diversity of means of transport are some of the technologies that contributed to globalization, as the flow of information and people took place much faster, which enabled companies to expand their businesses beyond their borders and manage them dynamically and in real time.

Globalization is increasingly moving towards transforming the world into a global village, an example being the brands of multinational companies present in almost all countries, such as cell phones and computers, which contributes to a similar consumption pattern worldwide. .

However, it is also correct to affirm that despite globalization, the cultural and social preservation of a people is something that must be preserved, so it is necessary that companies be multicultural ethical environments focused on the preservation of each person's individual values.

What type of bank account makes you happy?

Answers

You I love you so much omg hi hi
One where you don’t have to pay fees

g Brands can be extremely valuable domestically, but international use can be challenging. Companies can help to overcome language difficulties in using brands by Group of answer choices keeping the brand name the same in all languages, regardless of meanings, as long as the brand logo and symbol are displayed prominently. avoiding the use of the brand name in advertising and focusing on feature and benefits. translating advertising copy for the entire ad except the brand name. developing brand names that are meaningless in known languages. adhering to the UN Convention on Naming Rights.

Answers

Answer:

The answer is "developing brand names that are meaningless in known languages".

Explanation:

Brand development is a competitive process to build or recognize its brand, services, and products of your company concerning the competition. Its design includes aligning its brand to the business objectives, presenting your product to its target audience, where appropriate, upgrading or strengthening its brand. It may be of great global value, yet foreign challenges. Businesses can begin to fix language issues by developing branded products that do not make sense in major languages.

Do you think email marketing is more or less effective than more traditional types of marketing?

Answers

I think it's more effective because there's more choices to choose from in email marketing, and it's faster.

Giving brainliest to the best answer :)

Answers

Answer:

B. a brand new automobile dealership opens in town.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal.

Thus, there exist a negative relationship between the quantity of goods demanded and the price of a good i.e when the prices of goods and services in the market increases or rises: there would be a significant decline or fall in the demand for this goods and services.

This ultimately implies that, an increase in the price level of a product usually results in a decrease in the quality of real output demanded along the aggregate demand curve.

An aggregate demand curve gives a negative relationship between the aggregate price level for goods or services and the quantity of aggregate output demanded in an economy at a specific period of time.

Most economists use the aggregate demand and aggregate supply model primarily to analyze short-run fluctuations in the economy.

This simply means that, whatever makes the factors of production such as, land, labor, entrepreneurship, capital, or efficiency to either go up or down would certainly result in fluctuations in the economy of a particular country. Similarly, a positive increase of the aggregate demand or supply curve results in a rightward shift while a decrease would cause a leftward shift.

In this scenario, the factors which would shift the demand curve for automobile are;

I. A fall in the price of gasoline.

II. An increase in the amount of money being paid to its workers.

However, the demand curve for automobile wouldn't shift to the right because a brand new automobile dealership opens in town. This is more likely to shift the aggregate supply curve to the right.

What would it mean to you and/or your family to be a part of Career Source Tampa Bay's 2021 Summer Job Connection program? What do you hope to take away from the program?

Answers

Answer:

It is job connection program organized by Career Source Tampa Bay for the youths of Hillsborough. It provides a platform for the unemployed youths of Hillsborough to connect themselves to the potential employers by learning new skills and experiences.

Explanation:

Career Source Tampa Bay is organizing a summer youth job connection program for the year 2021 for the youths of the Hillsborough County. It is summer job connection program for the youth who are aged between 16 to 24. It is organized by Career Source Tampa Bay.

It provides an opportunity for the youths and prepare them with skills and know how about the targeted jobs. It introduces them to real work filed and exposes them to new ideas and experiences and the potential career paths for the future jobs.

what are some good outdoor thing to do outside for the summer
list as many as can

Answers

Answer:

biking

swimming

walking

learning something new

being with friends

sports

hiking

going on a trip

making something

5) How will the goals of your information systems proposal help the company achieve one of its business goals? Use a different goal than what you used in question 3 of this Analysis section. (3 points)​

Answers

Explanation:

Information systems can help the decision-making process in a company more effectively, an example is the management information system, which is an information system focused on the past and present information of an organization that helps in the projections that will influence the future of a company.

A management information system allows a manager to analyze a large volume of information more quickly and find patterns, correct errors, guarantee greater reliability of information, it is cheaper, greater ability to forecast scenarios and adapt to the market, among other advantages that automation provides for an organization.

How effective do you think ads are in facilitating need recognition? Explain.

Answers

Ads can be effective in many ways for customers and businesses... businesses can reach out to new customers and gain money. Personalised ads could help customers needs, in order to purchase what they require by locating them to the correct site.

Which of the characteristics below BEST describes the treatment of investment interest expense? (Check all that apply.) Multiple select question. This expense is NOT deductible. Any amount of this expense that is NOT able to be deducted in the current year cannot be carried forward. The interest deduction is limited to the taxpayer's net investment income for the year. This expense is deductible as an itemized deduction in the interest expense category. This expense is deductible as a for AGI deduction (adjustment) Any amount of this expense that is NOT deducted in the current year due to the investment income limitations may be carried forward indefinitely.

Answers

Answer:

The interest deduction is limited to the taxpayer's net investment income for the year.

Any amount of this expense that is NOT deducted in the current year due to the investment income limitations may be carried forward indefinitely.

This expense is deductible as an itemized deduction in the interest expense category.

Explanation:

The following are the attributed related to the investment treatment for the interest expense

a. The deduction related to the interest would be limited to the net investment income of the taxpayer

b. If any amount i.e. non-deductible so it would be carried forward for an indefinite period

c. Also if an expense is deductible so it would be classified in an interest expense and treated as an itemized deduction

Which of the following is the next step an employee would take once he or she has identified a security attack? The employee would call for immediate evacuation of the building. The employee would log the security attack and get back to his or her work. The employee would try to deal with the attack on his or her own and then notify a response team once the attack has been stopped. The employee would contact a response team.

Answers

Answer:

If we talking about a cyber security then The employee would contact a response team I think

Periodic vs.Perpetual Inventory Accounting Multiple Choice Periodic Inventory Accounting results in a higher Cost of Goods Sold than Perpetual Inventory Accounting Sometimes Periodic Inventory Accounting results in a lower Cost of Goods Sold than Perpetual Inventory Accounting and sometimes Periodic Inventory Accounting results in a higher Cost of Goods Sold than Perpetual Inventory Accounting Periodic Inventory Accounting results in a lower Cost of Goods Sold than Perpetual Inventory Accounting Periodic and Perpetual Inventory Accounting result in the same Cost of Goods Sold

Answers

Answer:

Periodic and Perpetual Inventory Accounting result in the same Cost of Goods Sold.

Explanation:

A periodic system of inventory can be defined as a method of financial accounting, that typically involves updating informations about an inventory on a periodic basis (at specific intervals) as the sales or purchases are being made by the customers, through the use of either an enterprise management software applications or a digitized point-of-sale equipment.

A perpetual inventory system is a type of inventory management that continuously records in real-time the amount of inventory sold or purchased through the use of enterprise software or technological software applications such as a point of sale (POS).

Under a perpetual system of inventory, updates of the journal entry for cost of goods sold or received would include debiting accounts receivable and crediting sales immediately as it is being made or happening. The advantage of the perpetual system of inventory over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, theft etc. Also, the periodic system of inventory is a function of the cost of goods sold.

Hence, both Periodic and Perpetual Inventory Accounting result in the same Cost of Goods Sold.

what language do Bhutan use​

Answers

Dzongkha is the language Bhutan use

Number one victory Royale yeah fork knife we about to get down get down 10 kills on the board right now oh no my just got downed I revived him now we’re heading south bound.......

10 points

Answers

Answer:

Now we're in the Pleasant Park streets

Look at the map, go to the marked sheet

You own an office supply store. You purchase desk
lamps at a wholesale cost of $14 each. You use a
markup of 45 percent to determine the selling (retail) price. At the end of the season, you offer a discount
price using a markdown of 20 percent of the selling
price. The discount price for desk lamps is

Answers

Answer:

$16.24

Explanation:

Molly still has a $2500 down payment. How much loan does Molly need?

Answers

Answer:

remember that molly has a $2500 down payment saved for this purchase the dealer will take $500 cash allowance straight off her total how much does molly need

Explanation:

Molly needs = Down payment + Cash Allowance

=\$2500+\$500=$2500+$500

Molly Needs= \$3,000.=$3,000.

The Loan needed by Molly is $21,495

Based on the information given molly is going to pay the exact MSRP of $25,495 and Cash Allowance of $1,500

Now let determine How much loan does Molly need

Using this formula

Loan needed =MSRP amount- Down payment-Cash allowance

Where:

MSRP amount=$25,495

Down payment=$2,500

Cash allowance=$1,500

Let plug in the formula

Loan needed=$25,495-$2,500-$1,500

Loan needed=$21,495

Inconclusion The Loan needed by Molly is $21,495.

Learn more here:

https://brainly.com/question/16579131

explain four functions money must be able to preform

Answers

Explanation:

1for shelter, without money you cannot buy food stuff etc

2for clothing, without money no you cannot buy clothes

3for house rents 4 hospital fees

in conclusion money function s everything's with it their no function

medium of exchange

measure of value

a store of value

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