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NEW QUESTION: 1
An administrator is setting up a factory default controller. No new AP groups were created. When adding a WLAN SSID in the Campus WLAN wizard what AP group is available?
A. The default AP group
B. The logon AP group
C. The Spectrum AP group
D. The initial AP group
E. The air-monitors AP group
Answer: A

NEW QUESTION: 2
Acorn and Bean were general partners in a farm machinery business. Acorn contracted, on behalf of the
partnership, to purchase 10 tractors from Cobb Corp. Unknown to Cobb, Acorn was not authorized by the
partnership agreement to make such contracts. Bean refused to allow the partnership to accept delivery
of the tractors and Cobb sought to enforce the contract. Cobb will:
A. Lose because Acorn's action was beyond the scope of Acorn's implied authority.
B. Lose because Acorn's express authority was restricted, in writing, by the partnership agreement.
C. Prevail because Acorn had implied authority to bind the partnership.
D. Prevail because Acorn had apparent authority to bind the partnership.
Answer: D
Explanation:
Choice "c" is correct. A general partner has apparent authority to bind the partnership and other partners
in respect to all ordinary transactions within the apparent scope of the partnership business. A farm
machinery business probably regularly purchases tractors. Thus, there was apparent authority here.
Choices "a" and "b" are incorrect. Implied authority is authority that an agent reasonably believes he or
she was given by the principal along with any express authority. Because Acorn knew that he did not have
express authority to make the contracts here, he could not reasonably believe that he had implied
authority to do so. Choice "d" is incorrect. The seller was not aware of Acorn's lack of express authority.
Therefore, Cobb relied on Acorn's apparent authority.

NEW QUESTION: 3

A. Option C
B. Option A
C. Option D
D. Option B
Answer: D
Explanation:

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Series-7 Exam Info

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Series-7 Exam Topics

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Series-7 Offcial Page

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Check what resources you have available for studying.

Schedule the Series-7 Exam

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