Which of the Following Is True Regarding Agency Contracts

question 24

Multiple Choice

Which of the following is true regarding agency contracts?

• A) Agency contracts must clearly define the agent's compensation.
• B) A contract is not required to create an agency but if a contract exists, it must meet all requirements prescribed by contract law.
• C) A contract is required to create a valid agency
• D) An agency contract cannot create an agency agreement longer than two years.
• E) An agency contract only needs to be signed by the principal.

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Definitions:

Second-Order Conditioning

A form of conditioning in which a stimulus that has been conditioned as a reinforcer is used to condition a second stimulus, establishing a chain of associations.

Associative Conditioning

A learning process in which a subject comes to respond in a desired manner to a previously neutral stimulus that has been repeatedly presented along with an unconditioned stimulus that elicits the desired response.

Inner Causes

Internal factors or motivations that drive an individual's thoughts, feelings, and behaviors.

Subjective Feelings

Personal experiences and emotions that are unique to an individual and influenced by personal perceptions and interpretations.