Which of the Following Is False with Respect to a Written

question 73

Multiple Choice

Which of the following is false with respect to a written agency agreement by an agent to act as the principal's exclusive agent for five years?

• A)Such an agency is capable of being revoked.
• B)If either party revokes the contract within five years, he will be liable for breach of contract.
• C)The agent has the power to renounce the agreement.
• D)This is an agency coupled with an interest.

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Definitions:

Demand

The desire and ability of consumers to purchase goods and services at given prices, influencing market equilibrium and pricing strategies.

Recessions

Periods of temporary economic decline during which trade and industrial activity are reduced, typically identified by a fall in GDP in two successive quarters.

Keynes

Pertains to John Maynard Keynes, an English economist whose theories revolutionized macroeconomic practice and government economic strategies.

Aggregate Supply

The nation’s total output of goods and services.