The essential elements of contract include

Assignment Help Financial Management

Reference no: EM132046041

1. The essential elements of a contract include all of the following EXCEPT

A. Offer and Acceptance C. Consideration

B. Competent Parties D. Notarized Power of Attorney

2. An agent of an agent is best described as:

A. Subagent

B. Undisclosed dual agency

C. Special agent

D. Subagent

3. When an authorization and consent is given between an agent and their client, a special relationship of trust and confidence is established. This is known as:

A. Fiduciary relationship

B. Subagent relationship

C. Common law agency relationship

D. Designated agency relationship

4. The law that define the rights and duties of the principal and the agent is:

A. State law C. Law of limited agency

B. Law of agency D. Law of fiduciary duties

5. A third party or a non-represented consumer for whom some level of service is provided and who is entitled to fairness and honest is known as:

A. Client

B. Principal

C. Customer

D. Agent

6. The fiduciary relationship between the principal and the agent is:

A. Fiduciary

B. Client

C. Principal

D. Agency

7. An individual who hires the agent and delegates to him or her the responsibility of representing the principal’s interest is:

A. The principal

B. The client

C. The Customer

D. The agent

Reference no: EM132046041

Questions Cloud

Determine the gross profit margin for each product produced : Determine the gross profit margin for each product produced based on the traditional costing data

Evaluate issues in the current environment : Evaluate issues in the current environment that affect the demand for and supply of engineering and technical personnel. Justify specific action steps.

Analyze the mission and vision statements of organization : Analyze the mission and vision statements of the organization from the perspective of each of the identified stakeholders.

Comment on investors pay for the future : Comment on “Investors pay for the future; entrepreneurs pay for the past.”

The essential elements of contract include : The essential elements of a contract include all of the following EXCEPT

Perform a formal swot analysis in detail : Perform a formal SWOT analysis, and identify and explain at least 5-7 elements in each category: Strengths, Weaknesses, Opportunities and Threats.

Explain the various topics of strategic planning : The career development process for public managers encompasses the various topics of strategic planning, budgeting/finance management, administrative functions.

Determine which hr job positions you would prefer : Describe the HR job positions and the responsibilities listed for that HR department. Determine which HR job positions you would prefer and explain why.

Calculate percentage of devaluation of euros : Calculate the percentage of devaluation of euros against Australian dollars as well as euros against U.S. dollars.

User Account

All Pages