A Direct Notice of Termination Goes to Any Third Party

question 2

True/False

A direct notice of termination goes to any third party who has knowledge of an agency but with whom the agent has not dealt.

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Definitions:

Retained Earnings

The portion of a company's profits that is kept or retained for reinvestment in the business, rather than being paid out as dividends.

Retained Earnings

Portion of a company's profits that is kept or retained within the company, rather than paid out to shareholders as dividends, for reinvestment in the business or to pay off debt.

Opportunity Cost Principle

The opportunity cost principle denotes the value of the best alternative foregone when a decision is made to pursue a particular action.

Operating Assets

Assets that are used in the day-to-day operations of a business to generate revenue, excluding investments and non-operational assets.