Which of the following would constitute an act of investment by a household, as economists use the term?
A) building a new construction vacation home B) purchasing 100 shares of Microsoft stock C) buying a corporate bond D) borrowing money from the bank to pay for a vacation cruise
Under the Second Restatement, the bankruptcy of the principal terminates, without notice, the power of an agent to affect the principal's property that passes to the bankruptcy trustee.
Metro Moving Service holds itself out to customers as being a corporation but makes no attempt to incorporate. In this circumstance, the outfit is most likely
A) a corporation by estoppel. B) a de facto corporation. C) a de jure corporation. D) ultra vires .