Which of the Following Is True of an Apparent Agency

question 49

Multiple Choice

Which of the following is true of an apparent agency?

• A) The authority of an apparent agent is implied from the conduct of the parties.
• B) The third-party is not bound to a contract created by an apparent agent.
• C) The principal is bound to the contracts entered into by an apparent agent.
• D) The actions of an apparent agent create an apparent agency.

Comprehend the processes contributing to soil formation and development.

Assess the impact of factors like precipitation and human activity on nutrient cycling within soil ecosystems.

Distinguish between different soil types based on their physical and chemical properties.

Understand the concepts of leaching and its effects on soil nutrients.

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Definitions:

Useful Service Life

The estimated period over which a fixed asset is expected to be usable by the company.

Straight-line Method

A depreciation method that allocates an equal amount of depreciation each year over the useful life of an asset.

Depreciable Assets

Assets whose cost is allocated over their useful lives due to usage, wear and tear, or obsolescence.

Annual Depreciation

The portion of an asset's cost that is allocated as an expense each year over its useful life through the process of depreciation.