__________ Is Available to a Third Person to Whom a Representation

question 41

Multiple Choice

__________ is available to a third person to whom a representation is made and who justifiably relies on the representation.

• A) Delectus personae
• B) Respondeat superior
• C) Culpable negligence
• D) Partnership by estoppel

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Definitions:

Political Appointments

Positions given within the government based on political affiliation or support rather than through a merit-based or competitive process.

Rule of Reason

A legal doctrine used in antitrust law that evaluates the legality of business practices based on their actual competitive impact, including circumstances and rationale.

Herfindahl Index

A measure used in competition law and antitrust analysis, calculated by summing the squares of the market shares of all firms within an industry.

Natural Monopoly

A market situation where a single firm can supply a product or service to an entire market at a lower cost than two or more firms could.