LEB 320F Final Exam Save
Terms in this set (96)
Affirmed Higher court found no mistake
Agents working on behalf of another person
3 ways that an agent can sign that boss is stuck with
1. Express authority - given direct order by boss to do something
Agency law 2. Implied authority - ability to do anything reasonably necessary
to carry out expressed authority
3. Apparent authority - Based on TV ads; if communication tells
workers/customers directly taht they can make exchanges,
, Companies are not humans, they out to make the most money for
shareholders/owners, not responsible to take care of the
Agents of capital
environment, etc.
--opposite of stakeholder model
Alan buys a new laptop at Best A. Alan's only
Buy for $600. Betty buys an acre
of land for $6,000. Carol signs up
for a year of cable TV service,
and pre-pays $600. Which of
these agreements will be
governed by Article Two of the
Uniform Commercial Code?
A. Alan's only
B. Betty's only
C. Carol's only
D. A and B
, Ann Agent works for Pete B. Yes, because Ann had implied authority to buy the gas.
Principal. Pete tells her, "Drive
the company truck up to Dallas,
pick up a shipment of widgets
from Alpha Co, and bring them
back to Austin." As Ann is driving
the company truck up to Dallas, it
runs low on gas. Ann fills up the
tank. Is Pete obligated to pay for
the gas?
A. Yes, because Ann has express
authority to buy the gas.
B. Yes, because Ann had implied
authority to buy the gas.
C. Yes, because Ann has apparent
authority to buy the gas.
D. No.
Jury believed the wrong facts
Appeals are successful if...
Legal error -- must be strong grounds
Lists 18 specific things that the U.S. Congress is authorized to do.
Article I, Section 8 in the
These are the enumerated powers and the list includes the power
Constitution
to regulate bankruptcies, coin money, and regulate commerce.
Assault: victim made reasonably afraid that he is about to be
Terms in this set (96)
Affirmed Higher court found no mistake
Agents working on behalf of another person
3 ways that an agent can sign that boss is stuck with
1. Express authority - given direct order by boss to do something
Agency law 2. Implied authority - ability to do anything reasonably necessary
to carry out expressed authority
3. Apparent authority - Based on TV ads; if communication tells
workers/customers directly taht they can make exchanges,
, Companies are not humans, they out to make the most money for
shareholders/owners, not responsible to take care of the
Agents of capital
environment, etc.
--opposite of stakeholder model
Alan buys a new laptop at Best A. Alan's only
Buy for $600. Betty buys an acre
of land for $6,000. Carol signs up
for a year of cable TV service,
and pre-pays $600. Which of
these agreements will be
governed by Article Two of the
Uniform Commercial Code?
A. Alan's only
B. Betty's only
C. Carol's only
D. A and B
, Ann Agent works for Pete B. Yes, because Ann had implied authority to buy the gas.
Principal. Pete tells her, "Drive
the company truck up to Dallas,
pick up a shipment of widgets
from Alpha Co, and bring them
back to Austin." As Ann is driving
the company truck up to Dallas, it
runs low on gas. Ann fills up the
tank. Is Pete obligated to pay for
the gas?
A. Yes, because Ann has express
authority to buy the gas.
B. Yes, because Ann had implied
authority to buy the gas.
C. Yes, because Ann has apparent
authority to buy the gas.
D. No.
Jury believed the wrong facts
Appeals are successful if...
Legal error -- must be strong grounds
Lists 18 specific things that the U.S. Congress is authorized to do.
Article I, Section 8 in the
These are the enumerated powers and the list includes the power
Constitution
to regulate bankruptcies, coin money, and regulate commerce.
Assault: victim made reasonably afraid that he is about to be
