Which Parties Are Bound by the Contract Arising from a Properly

question 12

Multiple Choice

Which parties are bound by the contract arising from a properly fulfilled agency?

• A) Trustee and Agent.
• B) Trustee and Beneficiary.
• C) Principal and Agent.
• D) Agent and Third Party.
• E) Principal and Third Party.

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Definitions:

External Benefit

A benefit from a good or service that accrues to individuals or groups outside the direct transaction, without compensation.

Solar Panels

Devices that convert sunlight directly into electricity, typically made from silicon cells.

Electricity Use

Electricity Use refers to the consumption of electric power by various devices and systems.

Government Involvement

The extent to which the government participates in the economy, including regulation, ownership, and provision of public goods.