Which of the Following Parties Has the Power to Bind

question 25

Multiple Choice

Which of the following parties has the power to bind an organization to a contract?

• A) A soliciting agent for the organization.
• B) A contracting agent for the organization.
• C) A sales agent for the organization.
• D) None of the above.

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Definitions:

Bribing

Bribing is the act of giving or receiving something of value in exchange for some kind of influence or action in return, that the recipient would otherwise not offer.

Political Candidates

Individuals who are running for political office, seeking to be elected to represent the public in governmental bodies.

Balance of Payments

is a record of all financial transactions made between consumers, businesses, and the government in one country with those in other countries over a specific period.