An Agency That Occurs When a Principal and an Agent

question 36

Multiple Choice

An agency that occurs when a principal and an agent categorically agree to enter into an agency agreement with each other is known as a(n) ________.

• A) agency by ratification
• B) implied agency
• C) apparent agency
• D) express agency

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Definitions:

Treaty of Versailles

The peace treaty that ended World War I, signed in 1919, which imposed heavy reparations and territorial losses on Germany.

Wilson's Fourteen Points

A proposal by President Woodrow Wilson outlining principles for peace that was used to negotiate the end of World War I.

Self-Determination

The right of people to freely choose their sovereignty and international political status without external influence.

Paris Peace Conference

A series of negotiations held in Paris in 1919 that concluded World War I and reshaped the map of Europe.