Educated Guesses About the Relationships Between Things or About What

question 249

Multiple Choice

Educated guesses about the relationships between things or about what will happen in the future are:

• A) theories.
• B) laws.
• C) facts.
• D) hypotheses.
• E) None of these is a good choice.

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Definitions:

Gratuitous Agency

An arrangement where an agent acts on behalf of a principal without receiving any compensation for the services rendered.

Formed By Contract

Established or created as a result of a legal agreement between parties.

Actual Authority

Actual authority is the express or implied legal power given to an agent by the principal to act on their behalf.

Individual Agent's Death

The termination of an agency relationship caused by the death of the agent, affecting contractual and legal obligations.