If a purchase agreement is signed by only one of the spouses regarding community property which of the following is most accurate regarding the status of the contract.
a. It is illegal.
b. It is enforceable.
c. It is unenforceable.
d. It is void.
Answer: c. It is unenforceable.
Business
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Elaine surpassed her sales goal and earned a small cash award for her strong performance. This is an example of a ______.
Fill in the blank(s) with the appropriate word(s).
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When an agent is authorized to act on behalf of and under the control of a principal, a(n) ___ exists.
a. dummy corporation b. undisclosed principal c. agency d. apparent authority
Business