Which of the Following Circumstances Is Not an Exception to the Rule

question 8

Multiple Choice

Which of the following circumstances is not an exception to the rule that an agent is not personally liable for liabilities incurred on behalf of the principal?

• A)Where the doctrine of the undisclosed principle applies.
• B)Where custom or usage establishes that the agent will be personally liable.
• C)Where a tort has been committed by the agent.
• D)Where there has been a breach of warranty of authority.

Analyze common equity changes through balance sheets.

Understand the effects of depreciation and asset changes on tax payments and net cash flow.

Calculate dividends based on retained earnings and net income data.

Grasp the relationship between corporate actions and changes in cash on the balance sheet.

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Definitions:

Text Wrapping

The process of automatically adjusting text so it flows around a feature like an image or a shape within a document.

Address Block Merge Field

In mail merge operations, a placeholder that can be inserted into a document to automatically fill in address details from a data source.

Merge Fields

Elements within document templates or email templates that are automatically populated with specific data from a database or spreadsheet when the document is generated.

Orientation

Orientation typically refers to the layout or direction in which something is set or arranged, often used in context with screen or page setup options like portrait or landscape mode.