Dart CorpDismissed Ritz as Its General Sales Agent and Hired Parker

question 66

Multiple Choice

Dart Corp.dismissed Ritz as its general sales agent and hired Parker as its new general sales agent.Parker provided notice to Bing Corp. ,a retail outlet,that he was taking over as general sales agent and Bing was no longer authorized to make sales for Dart Corp.Ritz subsequently sold Bing Corp.goods to be delivered by Dart Corp.and accepted a standard 20 percent cash deposit for the sale of goods,which is common in the industry.  In an action by Bing against Dart on the sales contract,which of the following is true?

• A)Bing will win the lawsuit because Dart's notice was inadequate to terminate Ritz's apparent authority.
• B)Dart will win the lawsuit because Dart's new agent provided notice to Bing that Ritz is no longer Dart's agent.
• C)Bing will lose the lawsuit,because Ritz lacked any express or implied authority to make the contract.
• D)Bing will lose the lawsuit because Bing was negligent while making a contract with Ritz.

Identify remedies for violations of the Americans with Disabilities Act (ADA).

Know the provisions of the Federal Employee Polygraph Protection Act regarding the use of lie detectors.

Analyze the rights of an injured employee against their employer under common law and the impact of workers' compensation acts.

Describe the remedies available for violations of the Civil Rights Act of 1964.

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Definitions:

Profit

The financial gain achieved when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Futures Contracts

Standardized legal agreements to buy or sell something at a predetermined future date and price, often used for hedging or speculation purposes.

Highly Marketable Securities

Securities that can be easily sold or converted into cash quickly without a significant loss in value.

Treasury Bills

Short-term government securities with maturities of one year or less, sold at a discount from their face value.