When an Agency Agreement Does Not State the Amount of Compensation

question 9

True/False

When an agency agreement does not state the amount of compensation, any compensation will be set on a contingent basis. ​

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Definitions:

Self-Fulfilling Prophecy

The phenomenon whereby initially false expectations cause the fulfillment of those expectations.

Initially False Expectations

Expectations that start off as incorrect but may change over time as new information is acquired.

Fulfilment

The achievement of something desired, promised, or predicted, leading to satisfaction or happiness.

Self-Fulfilling Prophecy

A prediction or expectation about a situation or behavior that causes the prediction to be fulfilled by influencing the situation or people's behavior.