What Happens If a Third-Party Gives Proper Notification to an Agent

question 86

Multiple Choice

What happens if a third-party gives proper notification to an agent with apparent authority to receive it?

• A)The principal is bound only if the agent had express authority to receive notification.
• B)The principal is bound based on the doctrine of third party estoppel.
• C)The principal is bound as if the notification had been given directly to him.
• D)The principal is not bound unless it is proven the agent transmitted the notification.

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Definitions:

Marginal Provincial Tax Rate

The percentage of tax applied to your next dollar of income, specific to the tax brackets determined by a Canadian province.

Provincial Tax Rates

The income tax rates levied by a province on individuals and businesses, which vary depending on the province and income level.

Average Provincial Tax Rate

The Average Provincial Tax Rate is the average rate of tax imposed by a province on income, which can vary depending on the income level and specific province.

Average Tax Rate

The ratio of total taxes paid to total income, representing the percentage of income paid in taxes.