To Mark, Melanie Had Several Things Going for Her as a Salesperson

question 149

Short Answer

To Mark, Melanie had several things going for her as a salesperson to Mark: her age and her appearance, but mostly her enthusiasm convinced Mark that this was the right car for him, at her price. Her manner of handling the sale is called her .

Identify the types of authority agents can hold and the implications of each for contractual and legal relationships.

Recognize the fiduciary duties agents owe to principals and the consequences of breaches of these duties.

Describe the legal remedies available to parties within an agency relationship when contractual obligations are not met.

Examine the principles of liability, including tort and contract liability, within the context of agency relationships.

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Definitions:

Cash Provided

Funds that have been generated or received by a company, often referring to cash flow from operating activities.

Dividends Paid

The portion of a company's earnings that is distributed to shareholders, usually in the form of cash or additional shares.

Cash Payments

Transactions that involve the transfer of cash from one entity to another.

Inventory Increase

An rise in the quantity or value of goods held by a company for the purpose of sale in the normal course of business.