End Pf Chapter Questions

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End of Chapter Questions

Chapter 28: 28-1: Hemmerling is an employee because he is supplied with a toll by the employer to do his job and the tool is the taxi cab. He also follows a set of rule that is enforced by the employer on how to take care of his cab. This all indicates he is an employee.
28-2: An agency was in existence at the time of the conversation between the two individuals about the selling of the coin. The agency was active because Wade convinced Brown he was an acting agent for Gett. Brown had no reason not to believe Wade and so the deal was sealed with an agreement that Gett would buy the coin from Brown, even though Gett did not know this he is held liable under the Estoppel act. Chapter 30: 30-1: Classen can hold Daniel liable as a partner with Ruby, because Ruby is receiving a percentage of the company’s profits and under law this is considered a partnership. Chapter 31: 31-1: The court will apply the Limited Liability Company Act under the ruling of the National Conference of Commissioners. The majority of states would rule in favor of the minority holders stating that in a LLC all profits shall be divided equally if there is no written agreement on how the profits will be divided.

Chapter 32: 32-1: The board of directors would have to state before hand in writing if the president is allowed to take a private loan with the corporation co-signing the agreement. If they did not then the individual is not over stepping their boundaries, but if the directors said, no then he has overstepped his boundaries. 32-6:

Chapter 33: 33-2: The directors needed to be more cautious when hiring Tyson as president of the company and because they weren’t they are held liable for negligence in their duties. Since Ellsworth action on…...

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