An employer is contractually liable for acts of its employee even though the employee acted without authority when the:
A. employee causes a loss to a third party.
B. employee had authority sometime in the past.
C. employer ratifies the unauthorized acts.
D. employee has no financial resources and could not compensate the third party for any loss.
Answer: B. employee had authority sometime in the past.
Business
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Indicate whether the statement is true or false
Business
A merchant is a person who:
A) By his or her skill or occupation, holds himself or herself out as having special skill or knowledge regarding the goods in the transaction. B) Deals in goods of the kind involved in the transaction. C) None of the above would qualify a person as a merchant. D) A or B would qualify a person as a merchant.
Business