An Agency Coupled with an Interest Is Created

question 2

Multiple Choice

An agency coupled with an interest is created:

• A) when the principal provides the agent with a general power-of-attorney
• B) by an agent who has paid for the right to exercise authority with regard to a business
• C) when a person volunteers her services out of interest in the business
• D) when the agent is authorized to delegate any authority to an interested party
• E) none of the other choices

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Definitions:

Regulators

Individuals or bodies that control, monitor, or supervise specific activities or industries, ensuring compliance with laws and standards for the public good.

Sons of Liberty

A group of American patriots during the late 18th century, known for their radical actions against the British tax policies leading to the American Revolution.

Proclamation of 1763

An edict issued by King George III of Britain, prohibiting settlers from advancing westward beyond the Appalachian Mountains to ease tensions with Native Americans.

Sons of Liberty

A group of patriots formed in the North American British colonies to protest against British taxation and laws, known for their role in the American Revolution.