Entrepreneurial Immigrants Often Rely on ________, Where Financial Resources Are

question 37

Multiple Choice

Entrepreneurial immigrants often rely on ________, where financial resources are borrowed at interest, repaid, and borrowed again.

• A) revolving loan funds
• B) black market loans
• C) government grants
• D) charitable donations
• E) loan ladders

---

Definitions:

Apparent Agency

A situation where a principal appears to the public to have granted authority to an agent, even if no actual authority was granted.

Expressed Agency

A legal relationship where an agent has the explicit authorization by the principal to act on their behalf.

Agency by Ratification

The process where a principal approves and legitimizes the unauthorized acts done by an agent on their behalf, thereby giving these actions full legal effect.

Liability

Legal responsibility for one's actions or omissions, which may result in the obligation to pay damages or perform specific actions.