Powers Specifically Conferred on an Agent to Act on Behalf

question 29

Multiple Choice

Powers specifically conferred on an agent to act on behalf of a principal are

• A)incidental authority.
• B)apparent authority.
• C)implied authority.
• D)express authority.

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Definitions:

International Trade

The exchange of goods and services between countries, which can involve the import and export of products, contributing to a country's economy.

Foreign Currency

Currency used in a country other than one's own, representing the medium of exchange in that foreign country.

Forward Market

A type of financial market where contracts for future delivery of goods, services, or financial instruments are traded.

Discount

A reduction from the usual cost of something, often used to encourage sales or provided as an incentive for early payment.