If a Third Party Deals with a Person Who Appears

question 64

Multiple Choice

If a third party deals with a person who appears to be the partner of another person,and the third party is harmed,it may recover damages under:

• A)the doctrine of purported partners.
• B)the general law for joint ventures.
• C)the doctrine of direct liability.
• D)the doctrine of respondeat superior.

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Definitions:

Annual Payments

Periodic payments made once every year, often used in terms of loans, insurance, and investments.

Outstanding Balance

The amount of money owed on a loan or credit line that has not yet been repaid.

Single Premium Annuity

A financial product where a lump sum payment is made initially in exchange for a series of payments that will be received at future dates.

Expected Rate

Anticipated return or yield on an investment or financial instrument, often based on historical data or statistical analysis.