A CoDevelops Land

question 40

Multiple Choice

A Co.develops land.From time to time,it has used B,an independent contractor,as its agent to help it buy land.In fact,A Co.even lets B keep an office in its head offices,and on occasion C,a third party,has seen B's office when he has had meetings at A Co.If B enters into an agreement of purchase and sale on behalf of A Co.to purchase C's land

• A)there will be no agreement because B does not have the necessary authority.
• B)there will be no agreement because A Co.did not ratify the contract.
• C)there will be an agreement because B had express authority to enter into it.
• D)there will be an agreement between A Co.and C because A Co.is estopped from arguing that B did not have the authority to enter into it.
• E)none of the above

Identify the elements and legality of cybersquatting under federal law protecting trademarks.

Comprehend the protections and liabilities involved in digital communication and commerce under federal regulation.

Distinguish between legal and illegal practices in the context of copyright infringement and fair use defenses.

Understand the role of trademarks in digital marketing and how they can be protected or infringed upon.

---

Definitions:

Oligopolist

A market participant in an oligopoly, a market dominated by a small number of firms.

Production Decision

The determination made by a firm regarding the quantity of goods or services to be produced, based on factors like cost of production, market demand, and competition.

Output Effect

The impact on the total production/output of a firm or economy as a result of changing price levels, often referring to the relationship between price changes and quantity supplied.

Price Effect

The impact on consumer demand and supply resulting from changes in the price of goods or services.