In What Circumstances Will Samson Be an Employer and David

question 10

Multiple Choice

In what circumstances will Samson be an employer and David an independent contractor?

• A)Samson is paying David to perform a task and David is subject to the control and direction of Samson.
• B)David has authority to bind Samson to a contract with a third party.
• C)Samson is paying David to perform a task but has no control over how David will complete the task.
• D)David is claiming to be Samson's legal representative.

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Definitions:

Purchase Contract

A legal agreement between a buyer and a seller detailing the terms and conditions of a purchase.

Return

The profit or loss generated from an investment over a certain period of time.

Compounded Annually

A compound interest calculation made once per year.

Economic Equivalent

A theoretical figure representing the total cost or value of an asset, taking into account factors like inflation, interest rates, and opportunity cost.