In His Essay, Corvino Affirms That While Business Owners Generally

question 12

Multiple Choice

In his essay, Corvino affirms that while business owners generally have discretion over what they sell, they do not have discretion over _____:

• A) The religious beliefs of their customers
• B) When they will sell their products
• C) How their products are later used
• D) Who will desire to purchase their products

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Definitions:

Implied Authority

Actual authority given to an agent to bind his or her principals and to act in a way that the agent reasonably believes is necessary to perform his or her duties.

Indemnify

To reimburse or promise to reimburse another from loss. To act as security or protection against a loss.

Special Agent

An agent that is employed to conduct a single transaction or a small, simple group of transactions.

Authority

In agency law, an agent’s ability to affect his principal’s legal relations with third parties. Also used to refer to an actor’s legal power or ability to do something. In addition, sometimes used to refer to a statute, case, or other legal source that justifies a particular result.