Nora Has Entered into a Joint Venture with Scott to Sell

question 42

Multiple Choice

Nora has entered into a joint venture with Scott to sell diet supplements.They have set up a corporation to carry on the business.They are the sole shareholders and directors.Nora is the president.Which of the following are TRUE?

• A)Nora is not an agent of the joint venture because the participants in a joint venture cannot be agents.
• B)Nora is an agent of the joint venture with the authority which would be usual for a president to have.
• C)Nora is liable as a principal for all obligations of the joint venture business.
• D)Nora can only bind the corporation to contracts that are within her actual authority.
• E)Nora can only bind the corporation to contracts that Scott has expressly consented to.

---

Definitions:

Pudendal Block

An anesthesia technique used during childbirth that numbs the lower part of the pelvis to reduce pain.

Alcock's Canal

A passage in the human body that carries the pudendal nerve and internal pudendal vessels alongside the ischial spine.

External Genitals

The parts of the genitalia that are visible outside the body, including the penis, scrotum, vulva, and labia.

Vitamin K

A group of fat-soluble vitamins essential for the clotting of blood and the health of bones.