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Week 3 Quiz

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1. Without ity, Christina contracts on behalf of Lawrence, to buy Valeria’s car for $3,000. Which of the following is true? (Points Lawrence will be liable unless he tells Valeria immediately that Christina was not his agent. Valeria could withdraw from the contract without liability. Lawrence could ratify if he does so before Valeria withdraws. Two of theseQuestion 2. 2. Mariel hires Andrew as manager of her store and tells him she will hire all the other employees. Andrew hires Dan, whom he feels is exceptionally qualified. Which of the following best describes the situation? (Points : 1) Mariel is liable to Dan. Andrew is liable to Mariel. Andrew is liable to Dan. Two of these All of theseQuestion 3. 3. A fiduciary relationship is where one owes another a very high standard of loyalty and care, including the duty to look out for the other’s best interest and the duty to give notice of anything the other might reasonably wish to know. (Points : 1) True False Question 4. 4. Among other things, the Fair Labor Standards Act of 1938 regulates minimum wage hours worked and overtime, employees’ breaks and child labor. (Points : 1) True False Question 5. 5. The U.S. has laws that prevent an employer from terminating employees without due cause. (Points : 1) True False Question 6. 6. While driving the delivery van for Pizza Palace, Amber negligently crashes into a car driven by Terrence. At the time of the crash, Amber had borrowed the van to go visit her sick mother. Which statement best describes the situation? (Points : 1) Amber is liable to Terrence. Pizza Palace is liable to Terrence. Both Amber and Pizza Palace are liable to Terrence. Pizza Palace is not liable as Amber was on a detour.Question 7. 7. Peter owns an auto dealership. Peter hires Cara as a receptionist, Ben as a salesperson, Stacy as a mechanic, and the Clean as a Whistle Co. to come in at night and clean the premises. Which situation is LEAST likely to result in liability for Peter? (Points : 1) Cara, with authority, buys office supplies from Office Stuff. Ben sells a car at a $1,000 markdown, after Peter told him not discount more than $500. Stacy forgets to put the oil plug back into Daria’s car after an oil change, damaging the engine when the oil runs out. Esmeralda from Clean as a Whistle Co. runs over Patty Pedestrian in the dealership’s parking lot.Question 8. 8. The U.S. has more laws protecting workers than any other industrialized nation including Canada and Japan. (Points : 1) True False Question 9. 9. The authority for investigating unfair labor practices is vested in the: (Points : 1) Fair Labor Standards Board Equal Employment Opportunity Commission Federal Trade Commission National Labor Relations BoardQuestion 10. 10. Peter tells Annabel to mark down all products 15% for a weekend sale. Annabel, correctly thinking that some items are so in demand they will still sell with only a 5% discount, sells some products with a 5% discount, some with 15%, and some with no discount at all. She keeps the extra as a bonus, figuring that Peter is expecting regular price minus 15%. All the inventory sells in the weekend sale. Which of the following is true? (Points : 1) Annabel has breached her duty of obedience. Annabel has breached her duty of loyalty. Peter can recover the bonus from Annabel. Peter can fire Annabel. All of these