Question 11 (1 point)

A principal will be bound by acts done by an agent that are within his or her apparent authority.

Question 11 options:

	True
	False

Question 12 (1 point)

In a simple agency agreement, the economic risk for failure of delivery of goods or services and the risk of non-payment remains with the principal.

Question 12 options:

	True
	False

Question 13 (1 point)

The EU does not allow franchising as it views the arrangements as an unacceptable interference with the free market.

Question 13 options:

	True
	False

Question 14 (1 point)

In a distributorship, the distributor usually purchases the goods on his or her own account from the supplier for resale to customers.

Question 14 options:

	True
	False

Question 15 (1 point)

An agent has a duty to place the principal's interests first in all transactions subject to the agency agreement.

Question 15 options:

	True
	False