Between the Agent and the Principal,it Is the Principal Who

question 35

True/False

Between the agent and the principal,it is the principal who is ultimately liable for the acts of the subagent.

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Definitions:

Compounded Semi-annually

Interest calculation method where interest is added to the principal sum of a deposit or loan every six months, leading to interest on interest.

Private Loan

A loan sourced from a private entity or individual, as opposed to a government or public lender.

Accrued Interest

Interest that has been incurred but not yet paid, typically relating to bonds or loans.

Pay Off

To completely settle a debt or an obligation.