All of the Following Statements About the Rules Governing Agency

question 11

Multiple Choice

All of the following statements about the rules governing agency relationships are true EXCEPT

• A)An agent must be authorized to act on behalf of a principal.
• B)An agency agreement may grant certain powers to the agent as well as denying the agent other powers.
• C)The principal is responsible for the acts of agents only if the acts are criminal.
• D)Knowledge of the agent is presumed to be knowledge of the principal with respect to matters within the scope of the agency relationship.

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Definitions:

Developmental Urges

Innate or instinctual drives that motivate individuals to pursue growth or change as part of their development.

Anal Stage

A psychoanalytic concept introduced by Freud, referring to the developmental phase where a child's focus is on bowel and bladder elimination and control.

Autonomy Versus Shame

A stage in Erik Erikson's theory of psychosocial development where young children learn to develop a sense of personal control over physical skills and a sense of independence.

Freud's Anal Stage

A developmental phase in Freudian psychoanalysis where a child's focus is on controlling bladder and bowel movements, typically occurring from 18 months to 3 years of age.