An agency for a stated period of time would be terminated before the expiration date by all these EXCEPT
A. termination by the principal without cause.
B. termination by the agent.
C. refusal of the principal to accept an offer.
D. destruction of the subject matter of the agency.
Answer: C. refusal of the principal to accept an offer.
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Your firm intends to finance the purchase of a new construction crane. The cost is $1,500,000. What is the size of the first payment if the crane is financed with an interest-only loan at an annual rate of 8.50%?
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