The Employer of a Salesperson

question 1

Multiple Choice

The employer of a salesperson:

• A) is only bound by a contract if the employee is acting as a soliciting agent.
• B) is not bound by a contract if the employee is acting as a contracting agent.
• C) is not bound by a contract until the contract is accepted.
• D) is always bound by contracts made by all employee salespersons.

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Definitions:

Industrial North

The region in a country, historically in the United States, known for its heavy industry and manufacturing, contrasting with the agrarian South.

Protective Tariffs

Tariffs imposed by a country to protect its domestic industries from foreign competition by increasing the cost of imported goods.

Trade Deficit

A situation that occurs when a country imports more goods and services than it exports.

Import

Goods or services brought into one country from another for the purpose of sale.