This topic contains a solution. Click here to go to the answer

Author Question: The duty of an agent not to mix personal funds with the funds of the principal is the duty: a. of ... (Read 181 times)

leilurhhh

  • Hero Member
  • *****
  • Posts: 560
The duty of an agent not to mix personal funds with the funds of the principal is the duty:
 a. of reasonable care b. of obedience
  c. to notify
  d. to perform
  e. none of the other choices, unless instructed not to do this

Question 2

Cey Corp entered into a contract to sell parts to Deck, Ltd. The contract provided that the goods would be shipped FOB Cey's warehouse.. Cey shipped parts different from those specified in the contract. Deck rejected the parts. A few hours after Deck informed Cey that the parts were rejected, they were destroyed by fire in Deck's warehouse. Cey believed that the parts were conforming to the contract. Which of the following statements is correct?
 a. Regardless of whether the parts were conforming, Deck will bear the loss because the contract was a shipment contract.
  b. If the parts were nonconforming, Deck had the right to reject them, but the risk of loss remains with Deck until Cey takes possession of the parts.
  c. If the parts were conforming, risk of loss does not pass to Deck until a reasonable period of time after they are delivered to Deck.
  d. If the parts were nonconforming, Cey will bear the risk of loss, even though the contract was a shipment contract.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

SomethingSomething

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

e

Answer to Question 2

.D




leilurhhh

  • Member
  • Posts: 560
Reply 2 on: Jun 24, 2018
Excellent


robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

For a complete list of videos, visit our video library