Which of the Following Statements Provides the Most Accurate Distinction

question 297

Multiple Choice

Which of the following statements provides the most accurate distinction between an agent and a broker? Agents:

• A) represent final buyers while brokers represent marketing intermediaries.
• B) represent one manufacturer in a large sales area, while brokers represent several different manufacturers in a smaller area.
• C) develop a long-term relationship with the people they represent, while brokers are usually hired on a temporary basis.
• D) take title to the goods they help distribute, while brokers never assume ownership of the products they distribute.

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Definitions:

Madison Square Garden Corp., Ill. v. Carnera

A legal case that dealt with specific issues related to contracts or legal obligations; further context would be needed for a precise definition.

Negative Covenant

A promise in a contract that prohibits a party from engaging in certain activities.

Exclusive Services

refers to specialized services provided or contracted to serve only one party or a limited market, often under specific terms that exclude competitors.

Injunctive Relief

A court-ordered act or prohibition against a specific action or behavior to prevent irreparable harm or to maintain the status quo during a lawsuit.