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12. Albert, a new partner in on.com, is given responsblity of negotiating contra

ID: 2587337 • Letter: 1

Question

12. Albert, a new partner in on.com, is given responsblity of negotiating contraces for the purchase of inventor e other partners expressly tell Albert that he is not to sign any contracts without prior apoct to a contract with In-the-Round without the other partner's approval. Which statement is A. On.com is bound to the contract because of apparent authority. B. On.com is only bound if it ratifies the agreement. C. On.com is bound to the contract only if it so expressly agrees. D. On.com is not bound to the contract because of the restriction on Albert's authority 13· The "Clean Air Act' A. Has had no impact on the level of air pollution emitted by automobiles B. Regulates the emission into the air of nearly 300 polutants, including CO2 C. Is enforced by a combination of state and local governments, with occasional advice from the federal government Grants permits to specific companies giving the right to emit specific amounts of specific pollutants, with the right to sell all or some of that right to others D. Who has the right to manage the business of a corporation? A. Bondholders. B. Officers. C. Shareholders. D. The board of directors. 14.

Explanation / Answer

12. option (D) On.com is not bound to the contract because of the restriction on Albert's authority.

13. Option (B) Regulates the emission into the air of nearly 300 polutants, including CO2

14. (D) The Board of Directors