A __________ Interaction Requires More Time Because a Relationship Has

question 37

Multiple Choice

A __________ interaction requires more time because a relationship has to be developed, and trust and friendship must be established.

• A) high-context
• B) sales
• C) business
• D) low-context
• E) personal

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Definitions:

Undisclosed Principal

A situation in which the identity of the principal is hidden from the third party by the agent at the time of entering into a contract or transaction.

Agent Duties

Obligations and responsibilities that an agent owes to their principal, including loyalty, confidentiality, and care.

Undisclosed Principal

In agency law, an individual whose existence and identity are not revealed by the agent during transactions conducted on their behalf.

Third Party

An entity not directly involved in a legal agreement or contract but might be affected by its outcome or has an interest in it.