SOLUTION: BA 302 Upper Iowa University Chapter 7 Implied Authority Questions
Running head: BUSINESS LAW TODAY
Business Law Today
BUSINESS LAW TODAY
23-5: Agent’s Authority
As per the involved instance, the constituency has the involved instance that can be cherished as
reasonably weighty to complete her or his direct instance in an attempt to encounter the objectives of
the production. Therefore, the instance can be inferred from the pose this constituency occupies or can
be involved by fashion. Rainbow Media Holdings, Inc. is the motive, and Icebox Advertising,
Inc. is the constituency delay the involved instance to act in a form that Rainbow’s advertising
objectives are met. It is plain that Icebox was scant to buying ads delay currency in trice. In
apparent instance, the motive via suffrage or actions may compel the third verge appreciate that the
constituency has the instance to act. This is the event gone Rainbow had made Basic Research, L.L.C.,
appreciate that Icebox had instance. Therefore, Rainbow Media Holdings can be stopped from
denying that Icebox had the instance. Therefore, Rainbow cannot recoup the unpaid amounts
from Basic consequently Basic had appreciated Icebox was acting on bestead of Rainbow when paying.
26-3: Immunity Termination
The immunity bond had plainly orderly the grounds for bound in event the immunitye
failed to pay. The reduce could be terminated if the acquittal was further than 30 days slow. The
grounds for bound were plainly established, and, in this event, C.B. Management, Inc. had
breached the immunity bond. The bond was in situate, and McDonald gave a mark of
termination, but there was no certain age set for bound and unexcited age required to
be involved. Therefore, subordinate the involved good-natured-natured credulity and impartial commerce, McDonald's had accepted
some slow acquittals, and, in this event, the age of 30 days is very brief for C.B. Management,
Inc. Therefore, C.B. Management, Inc. should predominate.
27-3: Fiduciary Duties of Partners
BUSINESS LAW TODAY
As per the fiduciary duties, colleagues owe the connection discharge of faithfulness. Therefore, the two
partners, Rusen and Thomas, were deemed to totality to the connection of any improvement, service,
loss, peculiarity or fruits that is extraneous by the colleague in ...
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