The root cause of agency problems is conflicts of interest
Indicate whether the statement is true or false
TRUE
Business
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Son applied for a car loan from First Bank. First Bank would not approve the loan unless Dad agreed that he would pay the loan if First Bank's efforts to collect from Son were unsuccessful. The kind of liability Dad assumed in his contract with First Bank is
a. Primary b. Secondary c. Prescriptive d. Constructive
Business
A tenant leased a 4000 square foot building and agreed to pay $10 per square foot plus 5% if the gross scales. The total rent for the year was $80,000. What were the gross sales?
A. $400,0000 B. $450,000. C. $800,000 D. $850,000
Business