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If an Agent Is to Issue Promissory Notes or Sign

question 42

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If an agent is to issue promissory notes or sign cheques in the name of the principal,then the agency agreement should be in writing.


Definitions:

Capitalism

An economic system where capital goods are owned by individuals or corporations, with investments, prices, production, and distribution largely driven by competition in an unrestricted market.

Overall Preference

The aggregate or combined favorability toward a choice or option when considering all factors or variables.

Fertility Rates

a demographic measure quantifying the average number of children born to a woman over her lifetime.

Female Babies

refer to infants who are biologically identified as female at birth.

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