Express Authority Can Be Created By

question 34

Multiple Choice

Express authority can be created by:

• A) words spoken directly to the agent.
• B) conduct.
• C) written words given to one person to give to another person, the agent.
• D) All of the above.

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Definitions:

Useful Life

The estimated period over which a fixed asset is expected to be useful for the purpose it was acquired by a company.

Net Present Values

A method used in capital budgeting to evaluate the profitability of an investment, calculated by subtracting the initial investment from the present value of future cash flows.

Present Value

The contemporary value of future financial inflows or a lump sum, adjusted for a particular rate of return.

Compound Interest

Interest calculated on the initial principal of a deposit or loan, as well as on the accumulated interest of previous periods.