If a Business Fails to Meet Its Responsibilities to Its

question 105

Multiple Choice

If a business fails to meet its responsibilities to its employees, which of the following is likely to occur?

• A) Reduced employee turnover
• B) Employees believe it is easier to get ahead
• C) More jobs are created
• D) Employees do the minimum needed to get by

Understand the contractual liability implications for disclosed, partially disclosed, and undisclosed principals.

Identify the rules regarding the delegation of authority by an agent.

Comprehend the effect of the principal's death on the agent's authority as per the Third Restatement.

Understand the requirements for giving actual notice to terminate an agent's authority.

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Definitions:

Securities Exchange Act

A U.S. law governing the trading of securities, aimed at protecting investors through transparency and fairness.

Securities Exchange Act

A U.S. law governing the trading of securities (stocks, bonds, and securities futures) to protect investors against manipulation.

Insider Trading

The unauthorized use of secret information for making profitable trades on the stock market to benefit oneself.

Exemption From Registration

A situation where a party is relieved from the requirement to register information or activities with a governmental or regulatory authority.