Differentiate between express actual authority, implied actual authority and apparent authority.

Jeremy and Rene recently graduated college and started a business to market an app that Rene developed. Both had student debt to repay. Jeremy owns a ten-year-old truck, and Rene uses public transportation. They started the business in Rene’s apartment using computers and smartphones they already own.

What form should they use for their new business? Explain your choice, and what steps Jeremy and Rene should take to create the business.

Scott recently accepted a position with RST consulting as an agent. Discuss his duties as an agent.

Differentiate between express actual authority, implied actual authority and apparent authority.

Explain an LLC, and discuss the advantages and disadvantages of its formation.