Question: A Blank _ _ _ _ _ _ is the party that an agent's authority can bind or act on behalf of . Multiple choice

A Blank______ is the party that an agent's authority can bind or act on behalf of.
Multiple choice question.
delegate
principal
third-party beneficiary
trustee

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Please Help Right Now! Please try to answer all of them! 1) George is Ramanpreet's chauffeur. Without any apparent authority, George negotiated the purchase and sale of a new car with a car...

Q:

Chapter 10: Decision Case 10-2 Required Part A. The Ratio Analysis Model For each company, determine: The debt-to-equity ratio = Total Liabilities/Total Stockholders' Equity = X.XX% (relationship) Is...

Q:

Last Lecture - In the last lecture, we covered selected materials on contract law in Chapter 13 (\"Practical Contracts\"] and Chapter 14 (\"Sales"] We discussed when parties should want their...

Q:

BUSINESS LAW - BLAW150 - Winter 2017 Instructor: Frank Fischer ASSIGNMENT #2 - 1st Alternative DUE DATE: Friday April 21, 2017 11:59 pm I have decided to create two (2) alternative assignments for...

Q:

Chapter 1. Sample Assignment Instructions Find a sample document or article online related to a main topic in the chapter. In the Discussion Section, respond to two classmates and post the title &...

Q:

Please select the correct answers. _ Select the best answer regarding the law of agency: 0 Where an agent has actual, apparent or an agency relationship formed by ratication, the agent is bound to...

Q:

Please select the correct answers. _ Select the best answer regarding the law of agency: 0 Where an agent has actual, apparent or an agency relationship formed by ratication, the agent is bound to...

Q:

Instructions: Read the fact summary and answer the questions at the bottom of the page in a separate document. Each answer should be 5-7 sentences, typed, single-spaced, 12-point font, 1\"margins....

Q:

1 -the business judgment rule holds directors and officers liable regardless if they act in good faith or not--- False 2-T or F---- shareholder approval is required if a corporation buys all of the...

Q:

In regards to an agent's authority, choose the best answer: a. Only a principal can give an agent express or apparent authority to act as an agent b. Express authority must be written to give an...

Q:

Draw short segments of the polymers obtained from the following compounds under the given reaction conditions: a. b. c. d. e. f. CH30 CHCH3 CH3CH2CH2CH2Li CH =-CHCI - CH3 -peroxide CH2-_NCHi CH CH...

Q:

Assume a company paid $800 for a computer that it plans to sell to its customers. Suppose that as a result of new technology the company could buy the same computer today for $600. Which of the...

Q:

Question 3 6 of 1 0 0 If there were a power outage of 2 0 minutes or less, which of these could be used to provide power during the outage? Surge Protector Generator Power over Etherwet ( PoE ) Line...

Q:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...