Which of the Following Is True of an Agent Who

question 31

Multiple Choice

Which of the following is true of an agent who has the authority to appoint a subagent?

• A)An agent becomes a principal with respect to the subagent.
• B)An agent is able to appoint a subagent without the principal's knowledge.
• C)An agent has the authority to appoint a subagent when the situation involves a nondelegable duty.
• D)An agent has the authority to appoint a subagent when the co-agent demands such an appointment.

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Definitions:

Close-Substitute

A product or service that can easily replace another in the consumption preferences of consumers due to its similarity.

Complements

Goods or services that are consumed together because the use of one enhances the value of the other.

Cholesterol

A waxy, fat-like substance found in all cells of the body, necessary for making hormones, vitamin D, and substances that help digest foods, but high levels can lead to health issues.

Cattle Feed

involves materials and nutritional supplies consumed by cattle, aiming at ensuring proper growth, health, and productivity of the livestock.