When an agent negotiates a contract on behalf of the principal, the liability of the principal will
depend on if:
A) The agent was authorized to enter into this particular transaction.
B) The agency arrangement was express or implied.
C) The agency arrangement was fully disclosed.
D) The agent was motivated by the principal's best interests.
E) The agency arrangement was agreed to in writing.
A
You might also like to view...
Which of the following is not true regarding earnings and dividends?
a. Managers adjust dividends primarily to reflect the change in current earnings. b. Stock price may be modeled as the present value of future expected dividends. c. Investors regard cash dividends as credible signals of future performance. d. Current income has a value in predicting future dividends.
What is it called when a manager has too much data and information to make a decision?
A. Data rich, intelligence B. Data rich, content poor C. Data rich, communication poor D. Data rich, information poor
Equipment Manufacturing Company tells First Choice Supplies, Inc, that it needs an adhesive to do a particular job. First Choice provides a certain brand. When it does not perform to Equipment Manufacturing's speci¬fications, Equipment Manufacturing sues First Choice, which claims, "We didn't expressly promise anything.". What should Equipment Manufacturing argue?
?The marketing concept focuses on
A. ?achieving the goals of top executives. B. ?creating maximum visibility for the firm. C. ?maximizing sales in a way that helps to achieve organizational objectives. D. ?maximizing market share in a way that helps to achieve organizational objectives. E. ?satisfying customers' needs in a way that helps to achieve organizational objectives.