Which of the Following Is Not True About the Status

question 17

Multiple Choice

Which of the following is not true about the status of an agent?

• A) Agent - a person who, by express or implied agreement, is authorized to act for someone else in business dealings with a third party
• B) A "purchasing agent" is not a legal party to his or hers business transactions, but rather serves as an intermediary.
• C) Law requires the agent to be loyal to the employer
• D) Law permits the employer to hold its purchasing agent(s) personally liable for any secret advantages
• E) An agent represents the firm in personal dealings, as well as official