Examlex
A debtor does not need to be insolvent to file for bankruptcy relief.
Respondeat Superior
A doctrine under which a principal-employer is liable for any harm caused to a third party by an agent-employee in the course or scope of employment.
Apparent Authority
Apparent authority refers to a situation in which a person appears to be given power to act on behalf of another, thereby binding the principal through the agent's actions, even if the actual authority has not been granted.
Misrepresentation
The act of providing false or misleading information, intentionally or unintentionally, in a transaction.
Scope of Authority
The boundaries within which decisions can be made or actions can be taken by an agent as authorized by a principal.
Q8: Denise borrows $90,000 from Clear Lake Credit
Q13: Acceptance of goods is presumed when a
Q17: An independent contractor is an employer who
Q25: No employee has a reasonable expectation of
Q35: Quotas are limits on the amounts of
Q37: Trademark dilution requires proof that consumers are
Q41: By delegating some of its authority to
Q43: A guarantor can be required to pay
Q50: A lender can make a higher-priced mortgage
Q66: Sellers or lessors are liable only for