Which of the Following States That If an Agent Is

question 33

Multiple Choice

Which of the following states that if an agent is empowered to enter into a contract that must be in writing,then the appointment of the agent must also be written?

• A)Duty to obey instructions
• B)Balanced contract rule
• C)Fiduciary duty
• D)Equal dignities rule

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Definitions:

Identified

Recognized or determined to be a particular entity or object, especially through specific characteristics or methods.

Transfer

The act of moving or passing an asset, title, right, or property from one party to another.

Signature

Under the Uniform Commercial Code, “any symbol executed or adopted by a party with a present intention to authenticate a writing.”

Time For Payment

The specific period designated for the remittance of funds owed under a contract or agreement.