Which of the Following Statements Is True of a Principal's

question 44

Multiple Choice

Which of the following statements is true of a principal's liability for notice and payments to the agent?

• A) The agent is not legally bound to inform the principal of knowledge gained in the course of his or her responsibilities.
• B) Payment to the agent of a debt owed to the principal discharges the debt if the agent has authority to receive such payments.
• C) An agent who makes over-the-counter sales is viewed as having express authority to collect for the goods.
• D) The principal is not bound by the information that is passed on by the agent if it does not relate to the scope of the agent's responsibilities and authority.

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Definitions:

Decision-making Process

The cognitive process leading to the selection of a course of action among several alternatives.

First-person Subjective

A narrative style where the story is narrated from the point of view of one character, revealing their personal thoughts and feelings.

Joseph Conrad

A Polish-British writer known for his narrative prose and deep explorations of the human psyche in novels like "Heart of Darkness."

Joseph Breen

Headed the Production Code Administration, which enforced strict moral guidelines on American films from 1934 to 1954.