Assume that Mr. Anderson had seen Ms. Branson at a party a few weeks before Hill approached her about buying the land. At that party, Anderson and Branson chatted briefly about her possible interest in selling the land. At that time, Mr. Anderson told her, "I have a man I will send to your place to talk about the sale. He buys land for me as investments." In reality, Hill works for Anderson Crossing Investments, Inc., and not for Richard Anderson personally, but Mr. Anderson was trying to impress Ms. Branson. Later, Hill does go to Ms. Branson and buys the property, which quadruples in value over the next few years and is sold to the mall, making a profit for Anderson Crossing Investments, Inc. Branson sued Mr. Anderson for the actions of his agent in misleading her about the value and contract terms of the sale of the land. 1. Under these facts, Hill is an actual agent for.

Verizon communications, inc., provides the following footnote relating to its leasing activities in its 10-k report. the aggregate minimum rental commitments under noncancelable leases for the periods shown at december 31, 2010, are as follows: years (dollars in millions) capital leases operatingleases 2011 $97 $1,898 2012 74 1,720 2013 70 1,471 2014 54 1,255 2015 42 1,012 thereafter 81 5,277 total minimum 418 $ 12,633 rental commitments less interest and (86) executory costs present value of 332 minimum lease payments less current (75) installments long-term obligation $257 at december 31, 2010 (a) confirm that verizon capitalized its capital leases using a rate of 7.4 %. (b) compute the present value of verizon's operating leases, assuming an 7.4% discount rate and rounding the remaining lease term to 3 decimal places. (use a financial calculator or excel to compute. do not round until your final answers. round each answer to the nearest whole number.)