Under the Second Restatement,except in Cases of Death or Incapacity,or

question 65

Multiple Choice

Under the Second Restatement,except in cases of death or incapacity,or where the performance of an authorized act becomes impossible,actual notice of termination of agency is required to the third party if she is one:

• A)with whom the agent has dealt on credit.
• B)to whom the agent has been specially accredited.
• C)with whom the agent has begun to deal, as the principal should know.
• D)All of the above.

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Definitions:

Securities

Securities that signify ownership in a company listed on the stock market, a debt owed by a corporation or government entity (bonds), or entitlements to ownership through options.

Exchange Rate

The price of one country's currency expressed in another country's currency; it determines how much one currency is worth in terms of another.

Doing Business Abroad

The activity of engaging in commerce or investment in foreign countries, often involving different regulations and environments.

Multinational Corporations (MNCs)

Companies that operate in multiple countries beyond their home country.