A mechanic's lien is an example of a statutory lien.

a. true
b. false

Answer: a. true

Business

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Amy writes a letter to Bill requesting him to deal with all employment matters at her business until she returns from a visit to a foreign country. Bill replies and accepts her request

Which of the following types of agency relationships have Amy and Bill established? A) agency by implied authority B) agency by agreement C) agency through ratification D) agency by estoppel

Business

If you purchase 100 shares of XYZ Corporation for $50 per share, receive a dividend check for $200, and then sell the stock for $62 per share, what will your return on the stock be?

A) 4% B) 424% C) 24% D) 28%

Business