Which of the following is the way an agent should sign a contract in order to bind the principal and not the agent?
A) When the agent is known to be an agent, he or she should sign only his or her name.
B) The agent should sign only his or her name whether known to be an agent or not.
C) The agent should sign only with his or her initials.
D) The agent should sign, "principal, by agent."
D
You might also like to view...
The size validation test tests for too few or too many characters
Indicate whether the statement is true or false
Lambda Co. has bonds outstanding that mature in 10 years. The bonds have $1,000 par value, pay interest annually at a rate of 9%, and have a current selling price of $1,125. The yield to maturity on the bonds is less than 9%
Indicate whether this statement is true or false.
What are the assumptions an analytical approach makes to develop the project management models?
What will be an ideal response?
Which of the following would be considered a performance audit under the Government Auditing Standards?
A. An investigation into whether a social service agency of a state government improved the lives of its clients. B. An investigation into whether a purchasing department of a government was operated efficiently. C. Both An investigation into whether a purchasing department of a government was operated efficiently and An investigation into whether a social service agency of a state government improved the lives of its clients. D. Neither An investigation into whether a purchasing department of a government was operated efficiently nor An investigation into whether a social service agency of a state government improved the lives of its clients.