When Creating an Agency Relationship, Agency Authority

question 34

Multiple Choice

When creating an agency relationship, agency authority

• A) expects that to become an agent, one must agree to perform and actually be paid for the performance.
• B) enables the principal to grant property rights to the agent who may convey them to third parties.
• C) can be conferred by acts of the principal to another party.
• D) is limited to a few acts within a single trade or business.

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Definitions:

Learned Helplessness

A scenario in which someone is afflicted by a profound sense of ineffectiveness, triggered by a harrowing event or consistent failures.

Seligman

A psychologist known for his work on learned helplessness, positive psychology, and well-being.

Depression

A mood disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in life.

Learned Helplessness

A state where an individual experiences feelings of being powerless, resulting from a traumatic experience or ongoing inability to achieve success.