Which Statement Is a True Statement? Agency Agreements

question 74

Multiple Choice

Which statement is a true statement? Agency agreements

• A)may be terminated only by notice given,or by the death,insanity,or 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.
• E)All of these.

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Definitions:

Employee Feedback

Information provided by employees about their job experience, organizational culture, and the behavior of colleagues and supervisors, used for improving work environment.

Nonunion Representation

Representation of workers' interests and concerns in the workplace without the formal structure and bargaining power of a union.

Labor Advocates

Individuals or groups that actively support and promote the rights and interests of workers and labor unions.

Business Environment

The combination of external and internal factors that influence a company's operating situation, including economic, legal, political, and social conditions.