Classify the two major kinds of agents and discuss the four ways in which an agency may be created.
Answer to relevant QuestionsDifferentiate between disclosed principal, partially disclosed principal, and undisclosed principal. In teams of three or four, interview managers of small real estate agencies. Discuss with these managers the nature of the agent’s relationship with the principal, including agent’s authority and other matters. Name four advantages and two disadvantages of organizing as a sole proprietorship. List some examples of debts that are not discharged under a Chapter 7 bankruptcy. Discuss the law and liability as applied to bad checks and to forged, raised, and materially altered checks.
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