Examlex
If a business has represented someone to be its agent, either by words suggestive of that relationship or by acquiescing in similar contracts made for it by that person in the past, it will not be permitted to deny the existence of an agency. What phrase is used to describe this representation or conduct on behalf of the business?
Estimate
An approximation or educated guess regarding the value, quantity, or extent of something, often used for budgeting and planning processes.
High-Low Method
A way to estimate the fixed and variable components of a cost by analyzing the highest and lowest activity levels and their associated costs.
Fixed Cost
Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and loan payments.
Machine Hours
A measure of the amount of time a machine is operated, used in cost accounting to allocate costs to products.
Q10: The Sale of Goods Act applies to
Q11: In Montreal, Mike represents six different Canadian
Q20: How may the transaction known as consignment
Q27: Jack agrees to paint the home of
Q27: The Browns contracted for the outside of
Q31: The owners of condominiums own the common
Q33: Interlake Shipping Co. transports grain in large
Q34: If one party breaches a condition of
Q39: Which of the following conduct is not
Q49: The parol evidence rule does not permit