A News Feed Is Also Called A(n) ____ Feed

question 40

Multiple Choice

A news feed is also called a(n) ____ feed.

• A) data
• B) information
• C) Web
• D) net

Explain the rationale behind using notes receivable in lieu of overdue accounts receivable.

Understand the calculation of interest on promissory notes.

Differentiate between various types of receivables and their recording.

Identify the roles of involved parties in a promissory note transaction.

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Definitions:

Principal

The main party to a transaction or contract who has authorized an agent to act on their behalf.

Apparent Agency

A legal concept where a person appears to be, or is mistakenly believed to be, authorized to act as an agent for another party.

Agency by Estoppel

A principle by which a person or entity is prevented from denying the authority of another who has been allowed to act as their agent, despite not officially having been granted the role.

Equitable Agency

A principle where an agent has the authority to act on behalf of a principal, based on fairness and justice.