Payment to an Authorized Agent Is

question 16

Multiple Choice

Payment to an authorized agent is:

• A) payment to the principal only if the agent remits the payment.
• B) payment to the principal if the third person informs the principal.
• C) payment to the principal, provided the agent does not misappropriate the payment.
• D) payment to the principal.

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Definitions:

Metric Equivalent

A value or measurement that corresponds to a traditional unit in the metric system of measurement.

Gram

A metric unit of mass equal to one thousandth of a kilogram.

Metric Equivalent

A measurement converted into the metric system, which is based on meters, liters, and grams.

Milliliter

A unit of volume in the metric system, equal to one thousandth of a liter, commonly used to measure liquids.