A Mercantile Agent Is an Agent Who

question 28

Multiple Choice

A mercantile agent is an agent who:

• A)is authorised to act on behalf of the principal in commercial matters.
• B)sells the principal's property in the agent's own name.
• C)is authorised to act on behalf of the principal in private matters.
• D)sells the principal's property in the principal's name.

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Definitions:

Self-Direction

The ability of an individual to set goals, make decisions, and take initiatives without external guidance.

Equity Model

A theory that focuses on determining whether the distribution of resources within interpersonal relationships is fair to both parties involved.

Inputs

Resources, information, or efforts that are put into a system or process to achieve outputs or outcomes.

Individual

Refers to a single, separate organism or entity, especially when considering human beings as distinct units with unique characteristics.