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

question 17

Multiple Choice

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

• A)The agent is not bound to inform the principal of knowledge the agent gains 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 bound by the information that is passed on by the agent if it relates to the scope of the agent's responsibilities and authority.

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Definitions:

Chronic Obstructive Pulmonary Disease

A group of lung conditions that block airflow and make breathing difficult, predominantly caused by smoking.

Chronic Asthma

A long-term inflammatory disease of the airways of the lungs, characterized by recurrent breathing difficulties, wheezing, and coughing.

Venous Stasis

A condition of slow blood flow in the veins, usually in the legs, which can lead to blood clots and swelling.