Which Statement Is False Regarding Agency Law in the United

question 46

Multiple Choice

Which statement is false regarding agency law in the United Arab Emirates (UAE) ?

• A)Registered agents may seek compensation when an agency ends even if the termination occurs in accordance with the terms of the agency agreement.
• B)Only registered agents are entitled to seek compensation in the event of termination.
• C)The UAE Civil Code is relevant in regard to agents.
• D)In regard to disputes about compensation of agents,court-appointed experts are usually the entities that are responsible for determining compensation amounts.
• E)UAE Commercial Transaction Law is relevant in regard to agents.

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Definitions:

Cyclical

Characterized by or subject to cycles, often used to describe economic activities that fluctuate with the overall state of the economy.

Trend Factors

Variables or elements that influence the direction or rate of movements in data over time, often used in forecasting future financial or economic activity.

Normal Level

A standard or average condition, often referring to the usual level of production activity or economic operation under normal circumstances.

Support Departments

Divisions within an organization that provide essential services or support to production departments but do not directly create products or services.