All of the Following May Legally Be Appointed as Agents

question 27

Multiple Choice

All of the following may legally be appointed as agents except

• A) aliens.
• B) insane persons.
• C) minors.
• D) incompetents.

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Definitions:

SEC

The U.S. Securities and Exchange Commission (SEC) is a federal agency responsible for enforcing federal securities laws and regulating the securities industry, stock and options exchanges.

Accounting Principles

Fundamental concepts and guidelines for financial reporting and accounting practices, including the consistency, relevance, reliability, and comparability of financial statements.

Physical Laws

The fundamental principles that describe and predict the conditions under which phenomena occur in nature, often expressed as mathematical equations.