Binding Agency Relationships May Arise in a Number of Ways

question 6

Multiple Choice

Binding agency relationships may arise in a number of ways, which include:

• A) conveying the impression that one person has the authority to act on behalf of another.
• B) an agreement in compliance with the Statute of Frauds.
• C) circumstances in which a person may act on behalf of and bind another to avoid or mitigate an emergency.
• D) agency by estoppel.
• E) all of the responses are correct.

Calculate the impact of interest rates on savings and investments.

Understand the components of financial planning and their importance.

Explain the influence of economic conditions on personal financial planning.

Recognize intangible and tangible financial goals and their significance.