Which of the following does NOT typically grant actual express authority?
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1 .The courts may imply terms in a contract to impose reasonable terms on the parties to the contract.Which of the following terms may be implied by a court?
A A term which is not an express term but is necessary for the commercialeffectiveness of the contract B A term necessary for the commercial effectiveness of the contract which contradicts C Any fair and reasonable term even though it is not necessary for the commercial effectiveness of the contract...
2 .On what basis is remoteness of damage determined in relation to a breach of contract?
A Foresight when the breach takes place B The amount agreed as liquidated damages when the contract was made C The amount necessary to put the plaintiff in the position of having had the contract performed D Foreseeability when the contract is made
3 .Which of the following describes when an employee is forced to resign because of misconduct by the employer?
A Wrongful dismissal B Dismissal on notice C Constructive dismissal
4 .An employer provides safety goggles for his employees. Ron refuses to wear them. The employer knows this but does nothing to compel Ron to wear the goggles. Molten metal flies into Ron’s face causing severe burns and the loss of sight in one eye. What is the basis for a claim that the employer is in breach of his common law duty of care?
A The employer has failed to provide competent staff; if Ron was competent he would have worn his goggles B The employer has failed to ensure that a safe system of work is in place C The employer has failed to provide safe equipment D There is no breach of duty as the employer provided safety equipm...
5 .The authority of one person to make binding commitments with third parties for someone else can be described as which of the following?
A Principal B Agency C Partnership D Condition
7 .The chief executive officer of a company would be viewed as having which type of authority?
A Express authority B Implied authority C Apparent authority
8 .A restaurant is owned by a partnership whose partners are Ted, Lauren, and Richard. Laurenand Richard are actively involved in the business and run the restaurant on a daily basis. Tedinitially contributed money to form the partnership and shares in profits of the business but does not participate in the operations of the restaurant.Ted can be described as which of the following types of partners?
A General partner B Salaried partner C Fixed share partner D Sleeping partner
9 .Which of the following regarding a limited liability partnership is true?
A Limited partners can take a small part in day to day management without losing their limited liability B All partners in a limited liability partnership can be limited partners C Limited partners may not generally withdraw their capital during the lifetime of the firm
10 .A special resolution of a company must have which of the following percentage of members favour to pass?
A 50% B 55% C 75% D 80%
