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Match the Term with the Definition

question 23

Multiple Choice

Match the term with the definition.
-February 1848 agreement that ended the Mexican-American War. Mexico gave up all claims to Texas north of the Rio Grande and ceded New Mexico and California to the United States. The United States agreed to pay Mexico $15 million and to assume American claims against Mexico.


Definitions:

Agency Relationship

A legal and fiduciary bond between two parties where one, the agent, is authorized to act on behalf and represent the interests of the other, the principal.

Terminated

The condition of being brought to an end or concluded, often referring to contracts, employment, or agreements.

Insolvency

The state of being unable to pay debts as they fall due or having liabilities exceed assets.

Principal

The party that an agent’s authority can bind or act on behalf of.

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