John Agreed to Build a New House for Ted

question 71

Multiple Choice

John agreed to build a new house for Ted.Unknown to John,Ted was an agent for Russell Realty.John built the house as agreed.When Ted refused to pay,John became aware that Ted was an agent for Russell.John wants to sue on the contract.Under the Second Restatement,John:

• A) must sue Ted,because Ted is the person with whom he dealt.
• B) can collect judgments against Ted and Russell.
• C) must sue Russell,because Russell is the principal.
• D) can sue either Ted or Russell.

Understand the purpose and critical nature of the needs analysis process in training and development.

Identify and differentiate the steps involved in the needs analysis process.

Recognize the importance of compliance training and how it differs from job performance training.

Understand the significance of aligning training plans with business strategy and stakeholder involvement.

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Definitions:

Retirement Fund

A financial reserve that accumulates through savings and investments, intended to support individuals financially during their retirement years.

Compounded Monthly

Interest calculation method where interest is added to the principal sum at the end of each month, and future interest is calculated on the new total.

Years

Units of time that represent the period it takes for the Earth to complete one full orbit around the sun, typically used to measure durations or ages.

Interest

The price paid for acquiring funds, often quoted as a yearly rate of the total amount borrowed.