When you go on vacation you give your neighbor authority to pick up your mail and watch for burglars for you. You tell the neighbor not to go into the house or let anyone else in. A fire on the hills threatens your house. The neighbor goes in to carry out valuables before the house burns. This action is:
a. a trespass, which is illegal
b. breaking and entering, which is a crime c. an agency by estoppel
d. an agency through operation of law e. an agency by implied ratification
d
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_____ is the most complex type of consumer buying decision and is associated with high involvement on the part of the consumer
a. Limited decision making b. Routine response behavior c. Extensive decision making d. Postpurchase evaluation
Feasibility reports are typically written for internal audiences
Indicate whether the statement is true or false
The only type of principal-agent relationship that may not be revoked by the principal is a(n)
a. gratuitous agency. b. independent contractor relationship. c. renunciable agency. d. agency coupled with an interest.
The threat of expropriation creates an incentive for the multinational firm to minimize inventory holdings in certain countries and to bring in goods only as needed.
Answer the following statement true (T) or false (F)