Polygraph Results Are

question 26

Multiple Choice

Polygraph results are

• A) allowed in court hearings.
• B) 100 percent reliable.
• C) inadmissible in most court hearings.
• D) scientific.

Identify and explain an agent's fiduciary duties and the implications of breaching these duties.

Understand the legal frameworks governing partnerships, including the establishment, liability, and operation.

Distinguish between different business entities (sole proprietorship, partnership, and corporation) regarding structure and liability.

Recognize the principles of ratification and estoppel in agency relationships.

---

Definitions:

Settlement Amount

A financial sum agreed upon by parties in a contract, often referring to the resolution amount in disputes or the completion payment in transactions.

Retained Earnings

The portion of net earnings not paid out as dividends but retained by the company to be reinvested in its core business or to pay debt.

Income Statement

A financial statement that shows a company’s revenues, expenses, and profits or losses over a specific period of time.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities, representing ownership interest.