Agency Relationships Arise in Which of the Following Circumstances

question 34

Multiple Choice

Agency relationships arise in which of the following circumstances?

• A)Each partner is an agent of the partnership.
• B)Directors, officers, and employees of a corporation can be agents of the corporation for particular purposes.
• C)Agency can only be created by express contract.
• D)Agency can be created only by the principal telling someone that another person is their agent.
• E)Agency can be created by actual authority or apparent authority.

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Definitions:

Dynamic RAM (DRAM)

A type of random access memory that stores each bit of data in a separate capacitor within an integrated circuit, requiring regular refreshing.

Task Manager

A system monitor program used to provide information about the processes and programs running on a computer, as well as the general status of the computer.

Filename

The designated name for a file that identifies it on a storage device or system.

File Shortcut

A pointer or link to a file or folder located elsewhere on a computer's file system, allowing quick access without navigating the original location.