This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An agent must perform instructions provided by the principal. If the agent fails to do so, he ... (Read 129 times)

KWilfred

  • Hero Member
  • *****
  • Posts: 570
on: Jun 24, 2018
An agent must perform instructions provided by the principal. If the agent fails to do so, he violates:
 a. the duty of cooperation b. the duty of accounting c. the duty to reimburse
  d. the duty of loyalty
  e. none of the other choices are correct

Question 2

On May 2, Lace Corp, an appliance wholesaler, offered to sell appliances worth 3,000 to Parco, Inc, a household appliances retailer. The offer was signed by Lace's president and provided that it would not be withdrawn before June 1 . It also included the shipping terms: F.O.B.Parco's warehouse.. On May 29, Parco mailed an acceptance of Lace's offer. Lace received the acceptance June 2 . Which of the following is correct if Lace sent Parco a telegram revoking its offer and Parco received the telegram on May 25?
 a. A contract was formed on May 2.
  b. Lace's revocation effectively terminated its offer on May 25.
  c. Lace's revocation was ineffective because the offer could not be revoked before June 1.
  d. No contract was formed because Lace received Parco's acceptance after June 1.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

LegendaryAnswers

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 24, 2018
Answer to Question 1

e

Answer to Question 2

.C


KWilfred

  • Member
  • Posts: 570
Reply 2 on: Jun 24, 2018
Excellent

smrtceo

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Electroencephalography (EEG). To perform the EEG, electrodes attached to the patient’s head pick up Electroencephalography (EEG). To perform the EEG, electrodes attached to the patient’s head pick up
The principal components of a spectrophotometer The principal components of a spectrophotometer
Early instructions for administration of the small pox vaccine. Early instructions for administration of the small pox vaccine.
Linesman’s pliers are very useful because they can help perform many automotive service jobs. Linesman’s pliers are very useful because they can help perform many automotive service jobs.
Perform thumb slides on the back of hand and palm. Slide your thumb between the metacarpals on the ... Perform thumb slides on the back of hand and palm. Slide your thumb between the metacarpals on the ...
Perform the indicated division (long division polynomials) Perform the indicated division (long division polynomials)
Video: Ultrasound of a Fetus (Sonogram)

For a complete list of videos, visit our video library