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.
Answer: D. Some agency duties are implied.
You might also like to view...
Statistical calculation of sample size requires specification of all of the following EXCEPT:
A) precision level. B) confidence level. C) population standard deviation. D) r value. E) C and D
Which of the following statements is FALSE?
A) There may be reasons to exclude certain historical data as anomalous when estimating beta. B) Many practitioners use adjusted betas, which are calculated by averaging the estimated beta with 1.0. C) The beta estimated from linear regression can be very sensitive to outliers, which are returns of unusually small magnitude. D) If we use very old data to when estimating beta, they data may be unrepresentative of the current market risk of the security.