Which of the Following Represents an Agency Coupled with an Interest

question 45

Multiple Choice

Which of the following represents an agency coupled with an interest?

• A)A contingent fee arrangement in which a plaintiff's attorney will receive 20% of any recovery she achieves.
• B)A professional sports contract in which a team owner agrees to pay a player insurance premiums on a policy that compensates the player should he suffer a career-ending injury.
• C)A loan agreement in which the borrower pledges collateral to the lender and gives the lender the power to take the collateral should the borrower default on the loan.
• D)A contract in which a sales agent is hired for three years at a salary of $80,000 plus 5% of sales.

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Definitions:

Compliance

Adherence to laws, regulations, guidelines, and specifications relevant to business operations.

Experts

Individuals with extensive knowledge or proficiency in a specific area, often recognized due to their skills, experience, and education.

Modular Design

An approach that divides a system into smaller parts or modules that can be independently created and then used in different systems.

Podular Design

A design concept focusing on creating modules or pods that can function independently or together.