Chuck, Betty, and Bert Form CB&B Partnership to Run a Specialty

question 29

Multiple Choice

Chuck, Betty, and Bert form CB&B Partnership to run a specialty grocery store. Bert is the day-to-day manager of the store, Betty buys the groceries, and Chuck does all the administrative work. Betty decides she would like a new car to use when calling on prospective wholesalers. She makes a contract with Big Ben Motors in the name of CB&B without consulting Chuck and Bert. CB&B and the individual partners are:

• A) bound by Betty's actual implied authority to buy a car.
• B) bound by Betty's apparent authority to buy a car.
• C) bound by estoppel.
• D) not bound because buying a car is outside the scope of the partnership business.

Recognize the importance and methods of maintaining confidentiality and professional conduct during applied training.

Utilize effective job search strategies, including internet resources and networking.

Prepare for job interviews, including responses to illegal or inappropriate questions.

Appreciate the role and responsibilities of preceptors during applied training.

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Definitions:

Overbilling

The practice of charging more than the agreed price or more than the services or goods provided are worth, often considered fraudulent or unethical.

Peanut Allergy

An allergic reaction that occurs when the body's immune system mistakenly identifies peanut proteins as harmful, leading to potentially severe symptoms.

Sole Proprietorship

A business structure where a single individual owns and operates the business, responsible for all debts and legal actions against the business.

Personal Liability

The responsibility of an individual to bear the loss or obligation of debt out of their personal assets.