Which Statement Is True Regarding Whether Ryan Had Actual Authority

question 55

Multiple Choice

Which statement is true regarding whether Ryan had actual authority to bind the partnership in regard to his purchases at the office supply store?

• A)Ryan had actual authority to bind the partnership because the law firm had not notified anyone at the office supply that he was no longer authorized to make purchases for the law firm.
• B)Ryan had actual authority to bind the partnership so long as the purchases were made within seven days of his resignation.
• C)Ryan had actual authority to bind the partnership only if he cannot be found within one year of the date the purchases were made.
• D)Ryan did not have actual authority to bind the partnership.
• E)Ryan had actual authority to bind the partnership so long as the purchases were made within ten days of his resignation.

Recognize the global application of antitrust laws to U.S.-based firms engaged in international activities.

Identify and evaluate the potential anticompetitive effects of various business agreements and practices, including tying agreements.

Distinguish between different antitrust treatments like per se illegal activities versus rule of reason.

Understand the role of intent, monopoly power, and concerted actions in establishing violations under the Sherman Act.

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Definitions:

Dependent Clause

A group of words with a subject and verb that cannot stand alone as a complete sentence because it does not express a complete thought.

Buffer

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Business Reports

Structured documents that convey information, analysis, and recommendations to facilitate business decision-making.

Paragraph Lengths

The measure of the extent or size of a paragraph in a written document, which impacts readability and structure.