Robert Has Agreed to Act as an Agent for Jill

question 44

Multiple Choice

Robert has agreed to act as an agent for Jill. Which of the following scenarios requires the agency agreement be in writing?

• A) Robert is given power of attorney.
• B) Robert is given authority to make business calls on Jill's behalf.
• C) Robert is given authority to read Jill's mail.
• D) Agency agreements are never required to be in writing.
• E) All agency agreements must be in writing.

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Definitions:

Tuition Reimbursement Programs

Employer-provided benefits that cover the cost of employees' further education as an investment in workforce development.

Learning

The acquisition of knowledge or skills through experience, study, or being taught.

Knowledge

Knowledge is the understanding, awareness, or familiarity gained through education, experience, or research on a particular subject.

Pension Plans

Retirement plans that require an employer to contribute to a pool of funds set aside for a worker's future benefit, invested on the employee's behalf.