Suppose Jones agreed with Smith that Smith would serve as his agent for business purposes until May 20, 2015. On that day, Smith's actual or apparent authority expired. Jones gave notice to all relevant parties of the termination
This is known as termination of the principal-agent relationship by ________.
A) implication
B) equity
C) operation of law
D) lapse of time
D
You might also like to view...
If the upper limit on misstatements exceeds tolerable misstatement, the auditor is least likely to:
A. increase the risk of incorrect rejection. B. conduct other substantive procedures. C. adjust the account balance. D. increase sample size.
When the rugby approach is used for new product development, the project teams usually consist of members with different functional specializations and personalities
Indicate whether the statement is true or false
Fatima has recently taken over as manager of the customer service department of ABC Manufacturing. She has been reviewing turnover reports trying to identify the reason for turnover within the department. She can rule the following out as a reason ______.
A. low job satisfaction B. poor job market C. increased employee engagement D. low employee morale
Raj is making a wire transfer for a sum of $1,600 to his friend's checking account. If Raj fails to comply with the rules of the transaction, he would be violating ________ of the Uniform Commercial Code (UCC)
A) Article 3 B) Article 3A C) Article 4 D) Article 4A