A Contract or Agreement to Purchase a Specific Number and Kind

question 49

Multiple Choice

A contract or agreement to purchase a specific number and kind of shares of stock when it is issued is called a stock: ______.

• A) guaranty.
• B) subscription.
• C) request.
• D) warranty.

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.

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Definitions:

Boundary Violation

An unethical act where a professional oversteps the established limits in a working relationship, often leading to harm or exploitation.

Serious Breach

A significant violation or failure to comply with a legal, moral, or professional standard.

Harm to the Client

Harm to the client encompasses any negative impact, physical, psychological, or emotional, that arises from professional treatment or intervention, contrary to the intended outcome of support and healing.

Misuse of Power

The inappropriate, unjust, or unethical exercise of authority or control by an individual or group over others.