Jim Agrees to Act on Joyce's Behalf,subject to Her Control,and

question 49

Multiple Choice

Jim agrees to act on Joyce's behalf,subject to her control,and Joyce trusts Jim to so act. They set out the terms in a written document,which they both sign. This is

• A)an agency by agreement.
• B)an agency by estoppel.
• C)anagency by operation of law.
• D)not an agency relationship.

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Definitions:

Budget

An estimate of income and expenditure for a set period of time, often used as a plan for managing financial resources.

Scrutinized Aspect

A detail or part of something that is examined closely or subjected to thorough analysis.

Funding Proposals

Written documents submitted to potential funders or investors outlining a project or venture's objectives, methodology, and budgetary requirements.

Budgeting Guidelines

Recommended practices or principles for managing finances, often outlining how to allocate resources effectively across different areas of spending.