How Is Consent Established in an Agency Relationship

question 3

Multiple Choice

How is consent established in an agency relationship?

• A)The principal must ask the agent to do something and the agent must agree.
• B)The principal gives consideration to the agent.
• C)The principal and agent must have a written,notarized agreement.
• D)All of these are correct.

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Definitions:

Forward Market

A platform for trading financial agreements that are negotiated presently but fulfilled in the future.

Collection Float

The time gap between when a check is deposited and when funds are made available in the account, affecting the company's cash flow.

Purchasing Power Parity

An economic theory that compares different countries' currencies through a basket of goods approach to find the relative values of the currencies.

Exchange Rates

The value of one currency expressed in terms of another currency, affecting international trade and investments.