Which Statement Is a True Statement? Agency Agreements

question 38

Multiple Choice

Which statement is a true statement? Agency agreements

• A)may only be terminated by notice given,or by the death,insanity,bankruptcy of either principal or agent.
• B)are agreements of utmost good faith on the part of the agent.
• C)if arising other than through operation of law or by necessity,must be in writing to be valid.
• D)would not include,by definition,Powers of Attorney.

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Definitions:

Public Image

The perception of an organization or individual by the public, shaped by various forms of communication and representation in the media.

Government Regulation

Laws and rules established by government bodies intended to control or guide the behavior of businesses, organizations, and individuals.

Defensive Strategy

Seeks to protect the organisation by doing the minimum legally required to satisfy social expectations.