Which of the Following Statements Is True of a Principal's

question 44

Multiple Choice

Which of the following statements is true of a principal's liability for notice and payments to the agent?

• A) The agent is not legally bound to inform the principal of knowledge gained in the course of his or her responsibilities.
• B) Payment to the agent of a debt owed to the principal discharges the debt if the agent has authority to receive such payments.
• C) An agent who makes over-the-counter sales is viewed as having express authority to collect for the goods.
• D) The principal is not bound by the information that is passed on by the agent if it does not relate to the scope of the agent's responsibilities and authority.

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Definitions:

Cylinder

A three-dimensional geometric shape with straight parallel sides and a circular or oval section.

Primitive Data Types

Basic types of data built into programming languages, such as integers, booleans, and floating-point numbers, that represent simple values.

Implements

A keyword in Java used to indicate that a class is using an interface, requiring the class to provide implementations for the interface's methods.