When Ken comes home from work one day, his neighbor Nick is waiting for him. "Your lawn is a mess," says Nick, "and you really should do something about it." Ken says, "I'm going on vacation tomorrow. Can you get someone to do a nice job on the lawn for me?" Nick says, "Sure." Nick hires Carlos, a professional landscaper, to fix up Ken's lawn and yard. When Ken returns, Carlos presents him with a bill, which was a reasonable amount. Ken says that he never authorized Nick to promise that Ken would pay this amount. Is Ken obligated to pay Carlos? O Yes, because of Nick's express authority. O Yes, because of Nick's incidental authority. O Yes, because of Nick's ratification authority. O Yes, because of Nick's estoppel authority.

When Ken comes home from work one day, his neighbor Nick is waiting for him. "Your lawn is a mess," says Nick, "and you really should do something about it." Ken says, "I'm going on vacation tomorrow. Can you get someone to do a nice job on the lawn for me?" Nick says, "Sure." Nick hires Carlos, a professional landscaper, to fix up Ken's lawn and yard. When Ken returns, Carlos presents him with a bill, which was a reasonable amount. Ken says that he never authorized Nick to promise that Ken would pay this amount. Is Ken obligated to pay Carlos? O Yes, because of Nick's express authority. O Yes, because of Nick's incidental authority. O Yes, because of Nick's ratification authority. O Yes, because of Nick's estoppel authority.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

Harry, Bill and Martha are the executive directors of Xilang Pty Ltd. Harry runs day to day business of the company and Bill is in charge of the company marketing activities. Martha relies on her husband, Harry, to give her information. She rarely attends directors' meeting and does not bother to read weekly reports about the company financial position. What directors' duty has Martha breached in this situation? Select one: a. Duty of care and diligence. b. Duty to avoid improper use of information. c. Duty to prevent insolvent trading. d. Duty to disclose material personal benefit.
A business man was very disappointed due to the delay in finance and was not able to pay the salary to his worker who completed the task for him. The reason for the business man to be committed: a. Employer has no obligation to pay fair wage b. Employer is responsible to pay fair wages c. Employer responsibility is to make profit d. Employer may lose his employee
Stephen began working for a retail distributor in Mandeville two weeks ago. As a Seventh-Day Adventist, his religious beliefs do not allow him to work on Saturdays, a fact which he made very clear to his employers during his interview. Stephen hopes to attend church this Saturday, but was told by his manager that he needed to show up for work instead, as Christmas was “just around the corner.” His manager advised him that everyone needed to come out and that he would be making no exceptions, as Christmas was the busiest time of the year for the company. His employer further warned him that failure to report for duty on Saturday would lead to his immediate dismissal. Stephen was left in a dilemma. On one hand, he could not afford to lose his new job, particularly as he had been unemployed for the last two years. On the other hand, he was upset by his manager’s demands and threats, and felt discriminated against. A co-worker encouraged him to file a complaint with the company, claiming…
Alpesh
Larkin and Oliver bought their first home in May 2019. Their real estate agent told them that all of the property tax would be deductible. Is this accurate? Yes. All property tax is deductible on the purchase of homes. Yes. Besides the complete property tax deduction, homeowners can also get an exclusion from capital gains (but only if they are a married couple, like Larkin and Oliver). No. The only tax benefit for homebuyers is that they are allowed to withdraw up to $10,000 from their IRA to go toward the down payment for their home. No. Homeowners can deduct a total of $10,000 between state, city, and property taxes.
FACTS: Noel is a computer programmer at Jonadel Corporation. He was delighted to know that part of the company’s athletic program is a mixed doubles tennis tournament to be held at the corporate tennis court. Grace, who works in the same department, used to play with Noel on many occasions and the two would like to compete in the tournament. They feel that there is a great chance to win the annual tennis competition. There is a growing interest among employees who are tennis players in the corporation as it develops more productivity at work. The management themselves are all tennis enthusiasts. The tournament is scheduled on Friday afternoon and management declared this as a “tennis holiday”. It is a day of fun and workers can cheer for their respective teams. Management supported the program with free snacks and fun fairs to make the occasion memorable. It was a four – consecutive Friday’s tournament. Noel and Grace advance to the final round. They were leading in the third set which…
Semaj and James work as history teachers at a large high school. Semaj is upset to learn that James makes more money per hour than he does. What kind of pay inequity is Semaj experiencing? A.internal B.individual C.external
A. CASE: FABULOUS FABRICS, Inc. Mwiinga was recently promoted to the managing director's position at Bwino Fabrics, Inc. in Mufulira. In her new position, Mwiinga first compared the actual revenues and expenses of the company with desired results. Armed with this analysis, he formulated the future course of action for Bwino Fabrics. Mwiinga transmitted her revenue and expense analysis to outsiders such as bankers and other analysts and distributed her desired future course of action for Bwino Fabrics to his subordinates. All these groups then provide him with feedback through reports. Mwiinga is confident he can lead the company into a prosperous future. Unfortunately the company has just made changes in the way it manufactures and markets its products. These changes are producing issues associated with employee motivation and satisfaction. The company has sent some of their manufacturing offshore to South Africa, and their plants have been restructured into self-directed work teams.…
Individual Problems 15-5 Every year, management and labor renegotiate a new employment contract by sending their proposals to an arbitrator, who chooses the best proposal (effectively giving one side or the other $5 million). Each side can choose to hire, or not hire, an expensive labor lawyer (at a cost of $300,000) who is effective at preparing the proposal in the best light. If neither hires a lawyer or if both hire lawyers, each side can expect to win about half the time. If only one side hires a lawyer, it can expect to win three fourth, or 0.75, of the time.
Talent Allocation, LLC (TA) is a consulting firm helping organizations develop effective, efficient, and affordable workforces. As a member of TA, you are charged with meeting with Dakota Press’s divisions and hosting a discussion regarding a division’s ability to rapidly respond to changes in business partnerships, policy shifts, embargos, and other publishing-orientated world events. After meeting with each division, you will be expected to offer a comprehensive presentation on ideas/processes helping the company enhance it is response times. After arriving, you speak with several different departments within divisions. Curiously, you notice the following: Multiple generations of workers team-up on projects. There seems to be a significant amount of tension amongst the staff. You saw staff members exchanging harsh words and appearing angry. The company has survived due to multiple mergers and consolidations. However, you remain uncertain how the diverse workforces were…
Kim is a director at an organization in Oman, and is a panel member for an interview. He selects Jim who is his nephew(relative), who has qualified the written examination for a job at that organization – which of the following ethical issues is possible to happen in this situation for Kim by specifically preferring to choose Jim? О а. Bribery O b. None of the options Ос. Fraud O d. Conflict of Interest
Eleanor is a senior administrative assistant at XYZ Inc. and is paid about the same as Jillian, a mechanic who works for the same company. This demonstrates that Eleanor's and Jillian's jobs have ______ at XYZ Inc. A) comparable worth B) supportive pay C) human rights recognition D) reverse equity E) employment equity recognition