Multiple Choice
Which of the following best describes an agency coupled with an interest?
A) It is an agency in which an agent has a financial stake in performance.
B) It is an agency in which an agent and the principal are one and the same.
C) It is an agency in which an agent is authorized to invest in foreign exchange.
D) It is an agency in which an agent contracts under his own name.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Destruction of the subject matter to be
Q10: An agent is not allowed to terminate
Q11: Agents who contract in their own names
Q11: A principal ordinarily does not have liability
Q12: Explain why a notice of termination must
Q13: An agent does not incur liability for
Q13: The relationship of principal and agent is
Q14: Which of the following is true of
Q15: A contractual payment made by an agent
Q16: Jones acted as Blake's agent for 12