It Is Not Necessary for the Agent to Obey All

question 39

True/False

It is not necessary for the agent to obey all of the principal's reasonable and lawful orders and instructions within the scope of the agency contract.

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Definitions:

Discount Period

The time frame within which a payment is made early enough to receive a discount for early payment.

Invoice Payment

The process of paying off the amount that is stated on an invoice, which is a bill for products or services provided.

Perpetual Inventory System

A system of inventory accounting that immediately logs inventory sales or purchases using computerized point-of-sale systems and software for managing enterprise assets.

Purchases Returns

Transactions involving the return of goods previously bought to the seller, typically due to defects or issues.