Which of the following creates an agency relationship?

a. Subornation.
b. Ratification.
c. Voluntary action of the broker.
d. Interlineation.

Answer: b. Ratification.

Business

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Business people are presumed to be so familiar with the ordinary methods and practices of their business that they naturally expect them to be part of their contracts. These ordinary and expected practices are called the

a. Course of performance b. Course of dealing c. Usage of the trade d. None of the above.

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In a Sherman Act Section 2 action, a court must define both the relevant geographic market and

the relevant product or service market. Indicate whether the statement is true or false

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