Carl Loans Dan $1,500 for Dan's Honeymoon

question 76

Multiple Choice

Carl loans Dan $1,500 for Dan's honeymoon.Dan gives Carl his ruby ring as security for the loan and after a year, tells Carl he may as well sell it to recoup the $1,500.When Dan's wife hears of this, she persuades Dan to call Carl and get back the ring.Can Carl sell it anyway?

• A) No, Carl's authority has been revoked.
• B) Yes, because Carl has an express agency.
• C) Yes, because Dan cannot terminate this agency except by discharging the obligation.
• D) Yes, because Carl has apparent authority.

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Definitions:

Voluntary Participation

The principle that individuals should engage in research or activities based on their free will and informed consent.

Research Study

A systematic investigation and analysis of materials and sources in order to establish facts and reach new conclusions.

Participant Observation

A research method in qualitative research where researchers immerse themselves in a group to observe and participate in its activities, gaining an insider's perspective.

Street Gang

An organized group of individuals often involved in criminal activities and identified by their control of a particular territory, use of particular symbols, and loyalty to the group.