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Berth Ness signed a promissory note for the purchase of real estate in Arizona.Only his name appeared on the note.Berth had acted as an agent for several corporations and Louise Ness in the past.Upon default,the payee of the note brought suit to collect from the corporations and Louise.They claim Berth was not acting as their agent in the transaction and they are,therefore,not liable.Who is correct?
Political Power
The capacity or ability of a political entity or individual to influence the behavior of others, particularly in the governance context.
Substitute Products
Goods or services that can be used in place of each other, offering a choice to consumers.
ATC Curve
Short for "Average Total Cost Curve," it represents the average total cost per unit of output produced, showing how cost varies with changes in output levels.
Maximizing Profits
The process of adjusting production and operational processes to achieve the highest possible profit margin.
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