A Person May Act as a Dual Agent

question 31

Multiple Choice

A person may act as a dual agent:

• A) on his own accord and can be bound to multiple principals at freewill.
• B) after partial disclosure of terms to either principal.
• C) with the consent of any one principal.
• D) with the consent of both principals on being fully informed about it.

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Definitions:

Equivalent Payment

A method of determining the amount of regular payments that would have the same value as a different payment structure, often used in finance to compare loans or investments.

Annual Rate of Inflation

The percentage increase in the price of goods and services over one year, reducing purchasing power.

Canadian Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care in Canada.

Missing Interest Rate

The unknown interest rate in a financial transaction, requiring calculation or estimation.