An Agent Is a Business Entity That Negotiates Purchases,sales,or Both

question 117

True/False

An agent is a business entity that negotiates purchases,sales,or both and takes title to the goods involved.

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Definitions:

Foreign Countries

Nations or territories outside of one's own country's jurisdiction, often governed by distinct legal systems and cultural practices.

Agency Importance

The significance of an agency relationship where one party (the agent) is authorized to act on behalf of another (the principal) in dealings with third parties.

Employer-Independent Contractor

A working relationship where the contractor provides services under a contract for a specific task, without being entitled to employee benefits or subject to the same control as an employee.

Independent Contractors

Individuals or entities hired to perform specific tasks or services, who maintain control over how their work is completed, rather than employees.