An Agent Who Has Been Given Permission to "Download Responsibility

question 1

True/False

An agent who has been given permission to "download responsibility for performance" is required to personally perform the obligations arising from the agency relationship.

---

Definitions:

Dividend

Shareholders receive a payment from a corporation, commonly as a share of the company's profits.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed on an annual basis.

Put Option

A financial contract giving the option buyer the right, but not the obligation, to sell a specified quantity of an asset at a set price (the strike price) within a specified time.

Expiration

In finance, this term typically refers to the date on which a contract, such as an option or futures contract, ceases to exist and the final settlement or exercise must occur.