Which of the Following Is a Right That an Agent

question 11

Multiple Choice

Which of the following is a right that an agent does NOT have without express or implied agreement to the contrary?

• A)The right to be reimbursed for authorised expenses.
• B)The right to be remunerated.
• C)The right to retain possession of the principal's goods until the agent has been paid.
• D)The right to be indemnified against liabilities incurred while carrying out the principal's instructions.

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Definitions:

Telephone Bill

A telephone bill is a periodic charge levied on individuals or businesses for the use of telecommunication services.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, leading to net profit or loss.

Balance Sheet

A financial statement that provides a snapshot of a company’s financial position, listing assets, liabilities, and owner’s equity at a specific point in time.