Which of the Following Is an Example of an Agency

question 30

Multiple Choice

Which of the following is an example of an agency created by implication?

• A)Adam is entrusted with Peter's property and finds it necessary to do something with it in order to preserve it.
• B)Peter retrospectively affirms the authority of Adam.
• C)Adam and Peter become partners in a partnership.
• D)Peter appoints Adam under a general power of attorney to carry out a particular transaction on his behalf.

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Definitions:

Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, with a certain level of confidence.

Sample Size

The number of observations or data points collected in a sample from a population, impacting the precision and reliability of statistical estimates.

UCL

Upper Control Limit, a threshold in statistical quality control charts indicating the maximum acceptable variation in a process.

LCL

stands for Lower Control Limit, which is a line on a control chart that represents the lower acceptable limit of process variability or performance.