The Most Common Method of Creating an Agency Is By

question 39

Multiple Choice

The most common method of creating an agency is by: ______.

• A) express authorization.
• B) conduct.
• C) operation of law.
• D) ratification.

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Definitions:

Home Mortgage Loan

A loan used to purchase a residential property, secured by the home itself.

Monthly Payments

Regular payments made over a period, such as for loans or utilities, calculated on a monthly basis.

Down Payment

An initial upfront portion of the total amount due, typically associated with the purchase of expensive items like a home or car, which reduces the amount needed to be borrowed.

Lump Sum

A large single payment of money instead of a series of smaller payments or installments.