What is the effect of an agent terminating a fixed term agency prior to the expiration of the
stated period of time?
A) Any contracts previously formed by the agent can be disaffirmed by the third party.
B) The authority of the agent changes from express to apparent.
C) The agency is terminated, but the agent might be liable for damages to the principal.
D) The agency is terminated without further legal consequences.
E) The attempted termination of the agency is not effective.
C
You might also like to view...
In the event of a debt restructuring, the required disclosures are only for the related income tax effects associated with the debt
Indicate whether the statement is true or false
The aggressive funding strategy is a strategy by which a firm finances its current assets with short-term funds and its fixed assets with long-term funds
Indicate whether the statement is true or false
You expect KT industries (KTI) will have earnings per share of $5 this year and expect that they will pay out $1.25 of these earnings to shareholders in the form of a dividend
KTI's return on new investments is 13% and their equity cost of capital is 15%. The expected growth rate for KTI's dividends is closest to ________. A) 11.3% B) 9.8% C) 5.9% D) 3.9%
An activity diagram cannot be used to ________
A) Depict the flow of control from activity to activity B) Help in identifying extensions in a use case C) Model work flow but not business processes D) Model the sequential and concurrent steps in a computation process