Agency is a legal relationship in which

A. the principal acts on behalf of the agent.
B. the principal becomes personally liable for all actions of the agent.
C. a written contract must specify all authority of the agent.
D. the agent acts for or represents the principal by the principal’s authority.


D. the agent acts for or represents the principal by the principal’s authority.

Business

You might also like to view...

The board of directors of Lark Corporation declared a cash dividend of $3.50 per share on 57,000 shares of common stock on June 14, 20x5. The dividend is to be paid on July 15, 20x5, to shareholders of record on July 1, 20x5. The proper entry to be recorded on June 14, 20x5 is, A) Dividends 199,500 Dividends Payable 199,500 B) No journal entry is necessary on this date

C) Dividends 199,500 Retained Earnings 199,500 D) Dividends payable 199,500 Dividends 199,500

Business

All of the following are elements of a hostile work environment for women EXCEPT ______.

A. repeatedly asking for a date B. placing a lewd picture on the wall C. making abusive comments to both men and women D. making sexual remarks

Business

Identify four consumer and four trade sales promotion techniques, and describe each one.

What will be an ideal response?

Business

Which of the following is not an example of a computer used as an instrument of crime?

A) theft of trade secrets B) intentionally attempting to intercept electronic communication C) unauthorized copying of software D) breaching the confidentiality of protected computerized data E) schemes to defraud

Business