Qualified immunity is:

a. freedom from being sued for performing certain functions
b. freedom from liability for performing certain functions
c. freedom from punitive damages but not compensatory damages
d. freedom from compensatory damages but not punitive damages

b

Business

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Actual authority is authority created by conduct that leads a third person to believe that

authority exists. a. True b. False

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When a company sells a piece of equipment or land, any gain (sales price less the book value of the

asset or residual value) is thought to be a capital gain. Indicate whether the statement is true or false

Business