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- Believing that his debt is due when in fact it is not, Dr paid his 10,000 debt to Cr. Give the effect of this payment? A. Dr may not recover because the payment is valid. b. Dr may not recover because anyway he is indebted to that amount and it has to paid. C. Dr. may recover his payment because it was not yet due together with the fruits and interest from the time of payment. d. Both a and b2. Punitive damages are: a. generally not available in tort cases. b. often awarded in cases of contract interference. c. only available in negligence actions. d. None of the abovePhillip is a broker who was hired by Sam to help him find a new investment property. Phillip identifies a property that fits Sam's investing criteria. Sam asks Phillip to do some research and provide him with an opinion of title on the property. Is Phillip permitted to do this? ○ No. This would be considered an unauthorized practice of law. No. Phillip needs his sales associates license in order to issue an opinion of title. Yes. Brokers are always permitted to issue an opinion of title. Yes. As long as Phillip notifies FREC, he can issue an opinion of title.
- The WeAreNotLiable Hotel posts a notice regarding guest's property, as required under the majority rule, inside the medicine cabinet in the bathroom. For the first part of your post, discuss whether this action meets or does not meet the requirements under the law (the majority rule) and include your why or why not in your response. For the second part of your post, does your opinion change if the Hotel posts the notice in an informational booklet about the hotel, which is placed on the table in each guest room. Does this meet the requirements, why or why not?4. Joe is a financial planner in the state of Iowa. Although he attended one year of law school, Joe is not a licensed attorney. Which of the following actions would be considered the practice of law? a. Drafting wills, trust documents, and powers of attorney. b. Reviewing wills, trust documents, and powers of attorney. c. Directing a client to seek legal advice from a licensed attorney. d. Acting as trustee for a client's trust.Elaine is a secretary for a business. One day a customer comes in to file a new contract while Elaine is seated at her boss’s desk. The customer assumes Elaine is a person of authority, and Elaine is knowledgeable enough to help the customer file the contract. Which response aligns best with this situation? A) Enforceable or unenforceable with agency B) MUST be enforced because Elaine is an agent C) Enforceable or unenforceable—no agency
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- Harold is a sales manager associated with TickTock Watches for the past thirty-five years; he was instrumental in the company's success. As an attempt to dissuade Harold from complete cessation of work, the management of TickTock Watches provided Harold with reduced working hours and offered him the role of a mentor. In this scenario, the arrangement offered to Harold by TickTock Watches is _____. a. voluntary retirement b. bridge retirement c. phased retirement d. early retirementTypes of funding for product development are including: I Government grant II Bank loans II Business angels IV Venture capital V Strategic alliance A. All of above В. О III and IV C. I and II D. IV and VStandard Appliance Co. has an employee pension plan under which Aurelia has worked for 31 years. Aurelia is laid off at age 60, and five years later, she retires and attempts to draw her pension benefits. However, Aurelia is informed that she is not eligible for pension benefits because she had not been working under the Standard Appliance Co. plan at the time of her retirement. Is this correct? Yes, if that is what the Standard Appliance Co. plan specifies. No, since Aurelia worked longer than 10 years for Standard Appliance Co. No, since Aurelia's benefits are vested. Yes, since Standard Appliance Co, only has a responsibility to current employees.