Chapter 31: Agency Formation and Duties • Agency – a relationship between two parties in which one party (the agent) agrees to represent or act for the other party (the principal) Section 1: Agency Relationships • The Restatement (Second) or Agency (an authoritative summary of the law of agency) defines agencies as fiduciary relationships • Fiduciary – (adj) involving trust and confidence • Agency relationships commonly exist between employers and employees • Agency relationships can also
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The Nature of Law True / False Questions 1. The U.S. Constitution recognizes the states’ power to make law in certain areas. True False 2. Uniform acts are model statutes drafted by private bodies of lawyers and/or scholars; they become law only after legislature enacts them. True False 3. The Restatements usually state binding common law rules‚ promulgated by the American Law Institute. True False 4. Common law is a state law and hence only the state courts
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Mini Case Study Chapter 17 By: This assignment case was completed by me withouth any assistance ____________________________ A. 1) What is meant by the term “distribution policy”? How have dividend payout versus stock repurchase changed over time? Distribution Policy involves three issues. 1) What fraction of earnings should be distributed? 2) Should the distribution be in the form of cash dividends or stock repurchases? 2) Should the firms maintain a steady‚ stable divided growth rate?
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Gonzalo Prando Business law September 24‚ 2014 Chapter 5 and 6 5.3 Did Indiana Bell or Indianapolis Power breach their duty of care to Jacobs and proximately cause his death? No‚ Indiana Bell and Indianapolis Power are innocent and did not cause the death of Jacobs. When Indiana Bell and Indianapolis Power put up the polls they did not think that someone would drive double the speed limit and lose control and hit both telephone poles. The poles were twenty-five feet away from Edgewood Avenue. Twenty-five
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Study guide Ch. 17 & 18 Waves‚ Light & EM Spectrum Name___________________________ Study Your Notes‚ textbook‚ worksheets‚ workbook pages & labs to fill in this information: Chapter 17: Mechanical Waves: a disturbance in matter that carries energy from one place to another Transverse Waves: a wave that causes the medium to vibrate at right angles to the direction in which the wave travels. Surface waves: a wave that travels along a surface separating two media Longitudinal
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Chapter 17 Guided Reading Terms: 1. Columbian Exchange- the exchange of plants‚ animals‚ diseases‚ and technologies between the Americans and the rest of the world following Columbus’s voyage. 2. Council of the Indies- the institution responsible for supervising Spain’s colonies in the Americas from 1524 to the early eighteenth century‚ when it lost all but judicial responsibilities. 3. Bartolone de Las Casas- a priest who was the most influential defender of the Amerindians in
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Law and Courts in Today’s Business Environment In today’s business environment there is no exact definition of law. Law is a set of rules‚ standards and principles that outlines the behavior we practice in business. The legal system is a major institution that assists us in defining acceptable social behavior. Laws limit the activities that are not in the best interest of the public. All people have different values and desire different things in life laws act as a way to dispute resolution. Laws
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Chapter 17 Assignment Situation List A List B 1. In auditing the long-term investments account‚ an auditor is unable to obtain audited financial statements for an investee located in a foreign country. The auditor concludes that sufficient appropriate audit evidence regarding this investment cannot be obtained. Either an “except for” qualified opinion Describe the circumstances in an explanatory paragraph preceding the opinion paragraph‚ and modify the scope and opinion paragraphs. 2. Due
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Chapter 17: Alcohols and Phenols C O O H H sp3 alcohol pKa~ 16-18 phenol (aromatic alcohol) pKa~ 10 Alcohols contain an OH group connected to a saturated carbon (sp3) Phenols contain an OH group connected to a carbon of a benzene ring O H C C H C C O chemistry dominated by the keto form 76 enol keto H O H R O H R O R R O O R’ water alcohol R S H ether R S R peroxide R S S R’ thiols thioether disulfides
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Chapter 17: Virtue Ethics 17.3 I agree with Aristotle’s argument and conclusion that being virtuous person contributes so much to someone’s life with regards to going well. The reason for this is that our ultimate goal ought to be self-sufficient. That is; Aristotle believed that the good of something should not be limited to instrumental values e.g. money and fame. The goal of life‚ according to Aristotle‚ should be about self-sufficiency‚ which means that a person needs to possess it all and make
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