Letters of credit are popular among traders because banks assume most of the risks

Which statement is correct as to agencies?

A. To be valid, an agency requires consideration. B. Agents who exceeds their authority will always be personally liable. C. All agency duties must be expressly agreed to. D. Some agency duties are implied.

Ajax uses both JavaScript and XML to obtain small amounts of data, either plain text or XML, from a server without leaving the Web page

Indicate whether the statement is true or false