Choose the One Most Appropriate Answer for Each

question 50

Multiple Choice

Choose the one most appropriate answer for each.
-the person empowered to act by and on behalf of the principal

• A)agent
• B)agency by estoppel
• C)boycotting
• D)buyer's broker
• E)commingling
• F)dual agency
• G)fiduciary relationship
• H)implied authority
• I)middleman
• J)ostensible authority
• K)price fixing
• L)principal
• M)property report
• N)puffing
• O)sales associate
• P)special agency
• Q)subagent
• R)third parties
• S)trust account
• T)universal agency

---

Definitions:

Tribalism

A societal organization based on tribes or ethnic groups, often highlighting strong loyalty and social ties.

Gilded Age

A term describing the late 19th century period in the United States characterized by rapid economic growth, technological advancement, and superficial wealth.

Social Order

An arrangement of practices and behaviors on which society’s members base their daily lives, aiming at maintaining societal stability and predictability.