Payment to an Authorized Agent Is

question 16

Multiple Choice

Payment to an authorized agent is:

• A) payment to the principal only if the agent remits the payment.
• B) payment to the principal if the third person informs the principal.
• C) payment to the principal, provided the agent does not misappropriate the payment.
• D) payment to the principal.

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Definitions:

Individualist Culture

Individualist culture emphasizes personal achievements and independence, valuing individual rights above those of the group.

Self-serving Bias

A cognitive bias that involves attributing successes to internal factors and failures to external factors to maintain self-esteem.

Halo Effect

A cognitive bias in which an observer's overall impression of a person, company, brand, or product influences the observer's feelings and thoughts about that entity's character or properties.

Initial Attraction

The first phase of attraction towards someone, usually based on physical appearance, which can lead to interest or desire for a closer relationship.