Fill in the table below with the direction of the variables that change in response to the events in the first column.
Definitions:
Chapter 11 Bankruptcy
A form of bankruptcy that involves the reorganization of a debtor's business affairs, debts, and assets, allowing the business to continue its operation.
Apparent Authority
An accountability doctrine whereby a principal, by virtue of words or actions, leads a third party to believe that an agent has authority but no such authority was intended. Also called ostensible authority and agency by estoppel.
Agency by Estoppel
A situation where a person is prevented by their own actions from denying or negating the existence of an agency relationship.
Cocktail Party
A social gathering where guests enjoy alcoholic beverages and light refreshments, typically standing and mingling.
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