Which of the Following States That If an Agent Is

question 16

Multiple Choice

Which of the following states that if an agent is empowered to enter into a contract that must be in writing,then the appointment of the agent must also be written?

• A)duty to obey instructions
• B)balanced contract rule
• C)fiduciary duty
• D)equal dignities rule

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Definitions:

Final Goods

Products that are completed and ready for sale to the end consumer.

Gross National Product

The total value of all goods and services produced by a country's residents over a specific time period, including income from overseas investments.

Services Provided

The actions or activities carried out by a company or an individual to satisfy a customer's needs or wants.

Human Development Index

An index measuring three basic dimensions of human development: life expectancy, education, and per capita income indicators, used to rank countries into tiers of human development.