If You Hire Gnowsky to Act as Your Agent,which of the Following

question 106

Multiple Choice

If you hire Gnowsky to act as your agent,which of the following is true with regard to the duties which he owes to you?

• A) Gnowsky need not use reasonable care, skill, and diligence in his service to you.
• B) Even when Gnowsky is acting as your agent, he need not put your interest above his own.
• C) An agent may delegate his authority without the authorization of his principal.
• D) His failure to obey you and to act within the authority given him would allow you to sue him for breach of contract.
• E) Gnowsky need not tell you everything relevant to his task that a reasonable person would consider might affect your decision making.

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Definitions:

Probability

A measure of the likelihood or chance that a particular event will occur, often expressed as a number between 0 and 1.

Standard Deck

In card games, a standard deck refers to a complete set of cards, typically consisting of 52 cards in four suits.

Denominations

Refers to distinctive categories or units, often used in the context of currency, religion, or other systems of classification.

Probability Model

A mathematical framework that describes the likelihood of various outcomes in a random experiment.