Expressly or implicitly - Study guides, Class notes & Summaries

Agency is a(n) __________ relationship (a legally binding agreement) between a principal and an agent whereby the principal, expressly or implicitly, authorizes the agent to work on his or her behalf and with the power to bind the principal. Undefined Informal Contract Formal Contract Before the final passage of the Civil Rights Act of 1964, Virginia Democrat, Senator Howard W. Smith, inserted into the language of the legislation defining the class of persons protected under the anti-di...

RECA Fundamentals of Mortgage Brokerage 2024 Exam AACI Correct Answer Accredited Appraiser Canadian Institute - designation granted by Appraisal Institute of Canada Accelerated Payments Correct Answer payment options stream whereby the monthly mortgage payment is either split in half or in quarters and is paid every two weeks (bi-weekly) or every week (weekly) Accredited Mortgage Professional - AMP Correct Answer national designation for mortgage professionals in Canada issued by the Ca...

actual authority - Correct ️️ The authority a principal expressly or implicitly gives to an agent in an agency relationship. This authority may be written, spoken, or derived from the circumstances of the relationship. agent - Correct ️️ the person who on behalf of a principal deals with a third party alien corporation - Correct ️️ a corporation created under the authority of a foreign country alter-ego theory - Correct ️️ one method used by courts to pierce the corporate ve...

how is quantification for loss done? - ️️1. if work is defective - the normal measure of loss is the cost of putting it right- 'cost of cure' 2. defective goods- starting point is difference in value between the goods (as they are) and goods as they are expected to be. what 3 factors determine if there has been illegitimate pressure? - ️️1. there has been an actual or a threatened breach of contract 2. the threat was made in good or bad faith 3. the victim protested at the time W...

Bail Bond MID TERM Exam Questions with correct Answers | Verified & Updated | 100% Correct premium for bail under $3,000 10% premium for bail $3,000-$10,000 8% premium for bail $10,000+ 6% premium for bail less than $200 $10 can you accept $ for obtaining a license no can a lawyer give bail for $ no punishment for insurance fraud fine or up to 10 years punishment for fraud that jeopardizes safety of insurer up to 15 years express authority an age...

If an employer meets all of the necessary per Diem requirements, the amount provided to an employee while working out of town is tax deductible for the employer. True Anthony is a non managerial employee of FedCo who recently turned 65. FedCo has a mandatory retirement policy that requires Jerry to retire. Under the policy, Jerry will receive an annual retirement benefit of 45000. Under federal law, is FedCo's mandatory retirement policy lawful? False/no Which of the following i...

Agency is a(n) __________ relationship (a legally binding agreement) between a principal and an agent whereby the principal, expressly or implicitly, authorizes the agent to work on his or her behalf and with the power to bind the principal. Undefined Informal Contract Formal - -Contract Before the final passage of the Civil Rights Act of 1964, Virginia Democrat, Senator Howard W. Smith, inserted into the language of the legislation defining the class of persons protected under the antid...

Legal Liability CORRECT ANSWER-A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability CORRECT ANSWER-Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability CORRECT ANSWER-Negligence, Intentional Torts, Strict Liability, Absolute Liability Name the four requirements of a negligent tort (long version) CORRECT ANSWER-1. Du...

CISR Commercial Casualty I Lesson Exam 48 Questions with Answers Legal Liability - CORRECT ANSWER A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability - CORRECT ANSWER Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - CORRECT ANSWER Negligence, Intentional Torts, Strict Liability, Absolute Liability Name ...

WGU C233 Employment Law End of Chapters 1-5 Quiz and Answers Rated A+ Agency is a(n) __________ relationship (a legally binding agreement) between a principal and an agent whereby the principal, expressly or implicitly, authorizes the agent to work on his or her behalf and with the power to bind the principal. Undefined Informal Contract Formal Contract Before the final passage of the Civil Rights Act of 1964, Virginia Democrat, Senator Howard W. Smith, inserted into the language of th...