Which of the Following Statements Is True About a Notice

question 37

Multiple Choice

Which of the following statements is true about a notice of termination?

• A) A principal is under an obligation to give a notice of termination to strangers who have no knowledge of the agency.
• B) Constructive notice is valid against strangers who assert claims of apparent agency.
• C) Constructive notice of termination has to be provided to all persons with whom the agent dealt.
• D) Direct notice of termination has to be provided to any third party who has knowledge of the agency but with whom the agent has not dealt.

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Definitions:

SMARTS Test

A criteria-based assessment tool; if not specifically known, this term might be mistaken or represent a specialized or localized concept and thus would be NO.

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A brief declaration of an organization's purpose, identifying its scope of operations, target market, and main objectives.

Financial Year

A 12-month period used for accounting purposes and preparing financial statements, which may not align with the calendar year.

Vigilant Thinkers

People who pay attention to the process of how work is done in teams rather than focusing only on techniques used to achieve a goal.