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Question
Phil is an agent for Quality Products Corporation. Whether it is reasonable for Reserve Supply Company to believe that Phil has authority to enter a particular contract on Quality's behalf, when Phil does not actually have that authority, is a question ofa. apparent authority.
b. general authority.
c. power of authority.
d. special authority.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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d. all of the above.
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Fact Pattern 41-1
Adam, a director of Beta Computer Company, learns that a Beta engineer has developed a new, significantly faster computer chip. Adam buys Beta stock and tells his friend Cathy, who also buys Beta stock. When the new chip is announced three weeks later, Adam and Cathy sell their stock for a big profit.
Refer to Fact Pattern 41-1. Regarding Adam's profits on the purchase and sale of Beta stock, under Section 16(b) of the Securities Exchange Act of 1934 Beta may recapture
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Q:
Fact Pattern 41-1
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