Recovery service to repossess the car for set fee

Assignment Help Business Economics
Reference no: EM131163166

Sanchez borrowed money from Fifth National Bank to buy a car. She defaulted on the loan. Fifth National hired Rex's Recovery Service to repossess the car for a set fee. Rex's was simply told to locate and seize the car. Rex's would be classified as agent/employee, principal, gratuitous agent, or independent contractor?

Reference no: EM131163166

Questions Cloud

Write an essay on given topic : develop the essay.- This project need three main points and each points will be supported with three supporting evidences from research.
Explain why rankings are given to employees : Discuss the advantages and disadvantages of three different types of performance appraisals. Make a recommendation of which type of performance appraisal is most appropriate for Susan.
Determine the key components of supply chain management : Determine the key components of supply chain management for the company you have selected.  Determine three (3) major issues that could affect the structuring, sourcing, purchasing, and the supply chain of your organization. Provide a solution to ..
Trade and labor mobility : Suppose that the U.S. dollars-Mexican pesos exchange rate is fixed by the U.S. and Mexican governments. Assume also that labor is mobile between the United States and Mexico due to low transportation costs. Which of the following situations is likely..
Recovery service to repossess the car for set fee : Sanchez borrowed money from Fifth National Bank to buy a car. She defaulted on the loan. Fifth National hired Rex's Recovery Service to repossess the car for a set fee. Rex's was simply told to locate and seize the car. Rex's would be classified as a..
How the state and local governments interact : How the state and local governments interact? How the power sharing takes place? How power sharing takes place between state and local governments through the ninth and tenth amendments?
Explain effective approaches to broad spectrum of employee : Explain effective approaches to the broad spectrum of employee relations, including career development, fostering ethical behavior, discipline, labor relations, and dismissals. Use technology and information resources to research issues in human re..
Made requesting production of documents : Scoop Masters Inc. has been charged by Fab Flavors Corp. with stealing Fab Flavors' patented process for making ice cream. After the papers are filed, Scoop Masters begins shredding all documents pertaining to its ice cream-making process. Since no m..
What strategic role that codes of ethics play in management : What is the strategic role that corporate social responsibility and codes of ethics play in global management? Include information regarding the responsibilities of corporations toward human rights.

Reviews

Write a Review

 

Business Economics Questions & Answers

  Menu costs arise from the way inflation

Menu costs arise from the way inflation: Unit-of-account costs arise from the way inflation makes... Shoe-leather costs arise from the way inflation..

  Keynesians would likely agree that

Keynesians would likely agree that: A. all unemployment is frictional unemployment. B. if a person isn't working, that's his or her own choice. C. structural and cyclical unemployment are more common than frictional unemployment. D. unemployment is i..

  Health insurance is characterized by asymmetric information

The market for health insurance is characterized by asymmetric information because:

  What is an incidental cartel

The NCAA has often been called an “incidental cartel. ”What is an “incidental cartel?”How has the NCAA exercised its cartel power? Give two distinct examples.

  Price of bread substantially below equilibrium

Before economic reforms were implemented in the countries of Eastern Europe, regulation held the price of bread substantially below equilibrium. When reforms were implemented, prices were deregulated and the price of bread rose dramatically.

  Elucidate why those rates may be more meaningful

Elucidate why those rates may be more meaningful as a measure of change across time than the actual numbers of those events."

  Diamonds are forever

One popular advertisement for engagement rings sponsored by the De Beers Diamond company poses the following question to men planning proposal. "Is two months' salary too much to spend?" As the fact pattern points out, the “two-months” rule is not a ..

  Describe the economic characteristics unique to the airlines

Describe the general characteristics of oligopolies. Describe the economic characteristics unique to the airlines

  Under the expectations theory of the term structure

Over the years we have seen large changes in US federal income tax rates, with the highest marginal rates falling from 70% to under 40% today. Describe the impact of this change on the spread between US Treasury bonds and municipal bonds? Under the e..

  Households become concerned about social security

Shift the supply or demand for loanable funds functions to reflect the impact of the shock. Indicate whether the real interest rate and the quantity of loanable funds Rises or Falls. Households become concerned about social security and decide to sav..

  Why is continuing income inequality

Why is the continuing income inequality in the US a problem for the economy? Does it matter that so many people own such a low percentage of total wealth in this country?

  Affect the level of planned investment spending

Explain how each of the following actions will affect the level of planned investment spending and unplanned inventory investment. Assume the economy is initially in income–expenditure equilibrium.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd