Which of the Following Is the Most Likely Result If

question 57

Multiple Choice

Which of the following is the most likely result if Pam,the wholesaler jeweler,sues Paul for the price of the pearls?

• A) Pam will win assuming that she can prove that she reasonably believed, based on Paul's conduct, that Jane was acting as his agent.
• B) Pam will lose because it was her responsibility to ask Paul for written documentation that Jane was his agent.
• C) Pam will lose unless it can be established that Jane at some time in the past had actual authority to act as Paul's agent.
• D) Pam will win only if she can show that through reasonable investigative efforts on her part Jane cannot be located.
• E) Pam will win only if she can show that Jane has no assets with which to pay for the necklace.

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Definitions:

U.S. Trade

The exchange of goods and services between the United States and other countries, including imports and exports.

Latin American Countries

Nations located in the Americas where Romance languages, primarily Spanish and Portuguese, are spoken.

North American Free Trade Agreement (NAFTA)

A treaty between the United States, Canada, and Mexico that eliminated most tariffs and trade barriers between the countries, effective from 1994 until replaced by the USMCA in 2020.

Trade Restrictions

Regulations or policies that governments impose to control the amount and types of goods and services that can be imported or exported, affecting international trade.