The Only Type of Principal-Agent Relationship That May Not Be

question 37

Multiple Choice

The only type of principal-agent relationship that may not be revoked by the principal is a(n)

• A) gratuitous agency.
• B) independent contractor relationship.
• C) renunciable agency.
• D) agency coupled with an interest.

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Definitions:

C$ Per €

The exchange rate showing how many Canadian dollars (C$) you need to purchase one Euro (€).

€ Per ¥

The exchange rate expressing how much one euro (€) is worth in Japanese yen (¥).

Exchange Rate

The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of the other.

¥134.68

This represents an amount in Japanese yen, a currency used in Japan.