Examlex

Solved

A Subagent Is an Agent of an Agent, Not an Agent

question 276

True/False

A subagent is an agent of an agent, not an agent of the principal, so owes no duty to the principal, only to the agent.


Definitions:

Compound Interest

The interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan.

Average Rate of Return

The ratio of the average annual profit earned through an investment to the original investment, expressed as a percentage.

Total Income

The sum of all earnings or revenues a person or company generates before any deductions.

Cash Payback Period

The time it takes for an investment to generate an amount of cash flow equal to the initial investment cost.

Related Questions