Smith entered an oral agreement hiring and authorizing Jones to sell fraudulent identification cards produced by Smith. Smith and Jones orally agreed to share the proceeds from their enterprise. Later, Jones claimed that no enforceable agency relationship was created. Jones is correct because
A. Jones did not have authority.
B. Jones did not have contractual capacity.
C. The purpose of the agency was contrary to public policy.
D. The agreement was a partnership.
Answer: C. The purpose of the agency was contrary to public policy.
Business
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A) Inventory turnover = Cost of goods sold / Average merchandise inventory B) Inventory turnover = Cost of goods sold x Average merchandise inventory C) Inventory turnover = Cost of goods sold + Average merchandise inventory D) Inventory turnover = Cost of goods sold - Average merchandise inventory
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The communication process begins with the process of __________.
a. encoding b. encrypting c. channeling d. decoding
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