Examlex

Solved

What Is Not a Reason for Avoiding Making the State

question 89

Multiple Choice

What is not a reason for avoiding making the state field a two-character lookup field?


Definitions:

Agent

A person authorized to act on behalf of another, known as the principal, in business transactions or legal matters.

Principal

The main party to a transaction or contract who has authorized another party (agent) to act on their behalf.

Duty Of Obedience

The requirement for directors, officers, and agents of a corporation to act within the scope of their authority and in the best interest of the corporation.

Unauthorized Contract

A contract made by a person who lacks the authority to do so, potentially making it unenforceable against the presumed principal.

Related Questions