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Author Question: If a contract is ambiguous regarding whether the agent has signed in a representative or an ... (Read 27 times)

dalyningkenk

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If a contract is ambiguous regarding whether the agent has signed in a representative or an individual capacity:
 A) there is a presumption that the agent signed in a representative capacity.
 B) there is a presumption that the agent signed in an individual capacity.
 C) the agent and the principal will both be liable on the contract.
 D) parol evidence is admissible to establish the character in which the agent was acting.

Question 2

What does the Oil Spill Liability Trust Fund require?
 A)That oil companies pay a 5-cent per barrel tax for clean-ups when there are situations in which parties are financially unable to clean up their spills
 B)That each oil company establish a trust fund in perpetuity that must be kept for purposes of clean-up should the company have an oil spill
 C)That Congress establish a trust fund for victims of oil spills, including the fishermen affected by the spill
 D)That a trust fund be established in perpetuity for the protection of the Alaskan coast



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bfulkerson77

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Answer to Question 1

D

Answer to Question 2

A





 

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